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Q. What do you meant by Multinational Corporation?
Multinational Corporation: A multinational corporation (MNC) is a company that directly undertakes productive facilities or operations in more than one country. Foreign direct investment is act of investing in or expanding, those actual productive operations in other countries.
Economies of Scale The reduction in the cost of each additional unit produced as all factors of production increase. Factors contributing to economies of scale include discoun
Question 1: (a) Describe the three different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standardof a population?
With current technology, suppose a firm is producing 400 loaves of bread daily. Assume that the least cost combination of resources in producing those loaves is $180 ( 5 units of
concept of risk analysis
explain how scarcity impacts choice 2.expain the three steps process in economic analysis
explain 6 factors that determine volume of production
A major component of the costs of many large firms is the cost associated with ordering and holding inventory. If the yearly demand for the good is D and the size of each order pla
Define Nash equilibrium
A monopolist faces the inverse demand for its output: p = 30 – Q The monopolist also has a constant marginal and average cost of $4/unit. The government is seeking ways to collect
Mathematical Presentation of Utility maximisation: Consumer's objective is to maximise her utility by solving UMP. To solve UMP, we set the Lagrange function of the correspond
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