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what is equi marginal concepts?
demand for sting ray
Discuss the full cost pricing and marginal cost pricing method. Explain how the two methods differ from each other.
Market demand and consumers surplus Suppose that the market price of a cup of coffee is K£4 but the consumer was willing to pay £9 for the first unit, £8 for the second, £7 fo
a) A change in demand means that: b) On the production-possibilities drawing, unemployment is represented by:
producer equllibrium
The gap between theory and practise and the role of managerial economics: We have noted above that application of theories to the process of business decision making contributes a
Barriers to entry in pure oligopoly The barriers to entry can be artificial or natural. Artificial Barriers This can be acquired through: State protection throu
Interest rates Decreasing the rate of interest may not encourage investment but increasing the interest rate tends to lock up liquidity in the financial system.
decision analysis
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