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discuss the law of variable proportion with the help of isoquants
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state 3 major assumptions which a production posibility is based
What does the IS-LM framework mean? The IS-LM model helps us to understand the two opposing theories. The IS (investment/saving) curve shows equilibrium in product markets. Th
when the demand function is 2q-24+3p=0,find marginal revenue when q=3
Derived demand and Demand schedule: D erived demand is where the demand for a final product leads to the demand for a second product which is used to produce this final p
once vaccinated,a person cannot catch a cold or give a cold to someone else. As a result,the marginal social benefit resulting from consumption of the vaccine.
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
Explain the factors influencing the value of PED and yED. PED and YED should be explained and then dealt with in terms of determinants. PED is dependent on availability/closene
explain normal profits
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