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to what extent does Marginal revenue productivity theory explain wage determination in Zimbabwe
Ask question what is frugal economy
analyse the rise and fall in the price under market equillibrium situation?
Budget Constraints * The Budget Line - The budget line indicates all the combinations of 2 commodities for which total money spent equals the total income. * The Budget
What is equilibrium point
Recent developments in demand theory
True public goods are those goods which can't be provided to one group of consumers, without being provided to any other consumers who desire them. Thus they are "non-excludable."
objective of afirm
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
Modern cost curves theory
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