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suppose you have a coffee shop. list of fixed input and variable input for operating the shop
a machine cost 18871.00 today. at the end of each year I own the machine & it gives me returns of 4,948.00 after paying repairs and maintenance. After 6 years, I expect to sell it
It is important to understand the important characteristics of monopolistic competition. The knowledge of these features will enable the students to know how this form of market st
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
compare and contrast adam smith''s theory of absolute advantage theory and david ricardo''s comparative advantage theory of international trade.
Theories and Models ?? Microeconomic Analysis – Theories are taken in use to describe the observed phenomena in terms of a set of essential rules and
What are the three approaches to measuring GDP? The three approaches are: a) The production approach, b) The spending approach and c) The income approach.
Consider the market for Kitty Litter. Assume this industry is purrfectly competitive and is presently in long-run equilibrium. Suppose people begin to prefer Dogs as pets and Cat
characteristic of duopoly
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