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Write an essay explaining that the quantities of goods and services that we can produce are limited by both our available resources and by technology.
Assume we want to increase production of one good. illustrate the limit to what we can produce. A diagram will enhance your answer
A government tax on luxury goods changes the equilibrium price and quantity of those goods. Discuss the implications for consumer surpfus. producer surplus and welfare. Use relevant diagrams to support your answer.
How would Total Revenue change if there was a price increase on the elastic part of the demand curve?
Using a diagram discuss how a perfectly competitive firm maximises benefit to society as a whole.
There are several obstacles to efficiency that can exist. Describe these with the use of examples.
"It is noted that there exists a diminishing product of labour".
Explain the above statement.
What happens when a bank charges discount interest on a loan? When a bank charges reduction in interest on a loan the required interest payment is subtracted from the loan proc
Accounting Framework - Convention of Materiality Materiality means relative significance. In other words whether a matter should be disclosed or not in the financial statement
Working of ASIC ASIC as an independent government body enforces and regulates company and financial services laws to protect consumers, investors and creditors. It keeps the pu
Semi-Strong form level of Efficiency This level states that share prices reflects all available public information. (past and present information). If the market has achieved thi
How Howan acquisition should be implemented 1. Directors of the target company must be approached first and a firm offer of a price made on condition that all due diligence wor
Every business concern should have neigh adequate capital to run the business operations it should have neither redundant nor excess working capital non inadequate or Shortage of
Floor Brokers These people have the responsibility of executing the trades forwarded by the FCMs on the floor of the exchange. They can also trade for their own account. They w
Secondary Market The secondary market is also referred to as the stock market where dealings in shares are taken up. It helps the shareholders to find buyers for trading. Thus,
answers for the personal finance literacy 2nd edition workbook answers chapter 9(obtaining and protecting your credit)
what is marginal cost?
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