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argument against in favour of traditonel theory profit maximisation
Banking Infrastructure: An efficient financial system can influence the long-term growth through three important channels, namely: 1) increase in the proportion of saving tran
Briefly explain the main macroeconomic objectives of governments. Definition of macroeconomic issues Growth a) Enhance in national income per unit of time, a
If producers expect future prices to enhance, current supply will decline in favor of selling inventories at higher prices later. In other words, supply will reduce (a shift to th
MRTS and Marginal Productivity The change in output from change in labor equals: The change in output from change in capital equals
Why short run average cost curve is ‘U’ shaped
market failure
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
Comparative Advantage:A theory of international trade which originated with David Ricardo in early 19th Century and is maintained (in revised form) within neoclassical economics. T
Explain why subsidies to domestic firms act as a trade barrier. A trade barrier is broadly explained as any market intervention whereby the ratio of price of exports to price o
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