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Total Cost (TC)
This is the sum of fixed costs and variable costs i.e. TC = FC + VC.
Q. Illustrate Fiscal Monopoly? Fiscal Monopoly: To stop exploitation of consumers andemployees, government nationalises many industries and obtains fiscal monopoly power ove
a) A change in demand means that: b) On the production-possibilities drawing, unemployment is represented by:
Disadvantages of Barter Trade It is impossible to barter unless A has what B wants, and A wants what B has. This is called double coincidence of wants and is difficult t
Assignment
excise tax and its impact on manufacturing industry with respect to demand and supply curves
what is the importance of demand forecasting to managers
Transfer Payments Are any payments made to households by the government that are not made in return for the services of factors of production i.e. there is no Quid pro Quo. S
how realistic is the sales maximization model from experience with business objectives as pursued by Zimbabwean firms
Singapore Airlines is facing the possibility of a new competitor " Qantas " to enter the Singaporean market, especially in premium market, Singapore Airlines is dominant on the ma
Explain about the terms in perfect competition. Perfect Competition: a. A price-taking producer is a maker whose actions have no consequence onto the market price of the g
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