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State about the prices - Price level Prices are of great significance in macroeconomics as indeed they are in microeconomics. Though, in microeconomics we are more interested i
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
how do you calculate opportunity cost
You estimate that the price elasticity of demand for one-acre plots in Lusaka is -1.5 and that income elasticity of demand is 5. Land owners intend to increase the price of a one-a
Directions: You should legibly handwrite or type the answers to the following questions on a separate sheet of paper. These must be submitted in class (not via email unless you hav
are most local phone companies natural monopolies?
wHEN WAGE IS $6.05, HOW MANY HOURS ARE WORKED A WEEK?
8,000,000 people in the population who are 16 yrs of age and older. 80% are willing to work. Currently 10% unemployment rate. a. how many people in labor force? b. How many are un
what is the theory of Second best? Prove the theorem with the help of a diagram.
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