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5 stratgies that can be used to regulate skilled labour in developing countries
define stagflation
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commodi
Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#
. Suppose fixed costs increase by $20. How will this affect TFC, TVC, TC, ATC, AVC and MC? Which numbers change and which stay the same?
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
What is meant by labor force? In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above
Why elasticity is important for economic analysis? Elasticity is a significant concept in understanding the incidence of indirect taxation, marginal concepts as they relate to
implication tructures of various market structures for price determination
do you think that dimnishing returns to a factor are consistent with increasing returns to scale? explain with suitable diagram and reasoning.
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