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a) The production function of certain firm is given as Q = 40 K 1/2 L 3/4 A unit of capital and labour costs Kshs 44 and Kshs 36 respectively. The firm would like to maxim
what are the majotr sources of monopoly
Problem: (a) Given TR = P×Q, Show that Note: TR is total revenue, P refers to price, Q refers to quantity demanded, MR denotes marginal revenue, and ε d shows the p
HOW DO YOU ADJUST FISCAL POLICY FOR INTERNAL BALANCE
#question.explain three neccessary condition to achieve pareto efficiency.
assignment
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
Examples
The Market for Pool Rafts The market for pool rafts in Playa del Largarto is competitive and includes no transaction costs. Five suppliers are willing to sell pool rafts in P
The Bushman Cinema is the only movie theatre located in the medium-size country town of Sleepy Hollow. The owner wants to charge an admission fee of $10 per seat and past experien
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