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given that a=(4;2) and b=(5;11)determine the value of x in the following equation b=3x-1/2a
The Hypothesis of Inflation-Unemployment Trade-off : This hypothesis about formation of expectations is therefore known as the hypothesis of adaptive expectations. The hypothes
Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different
Public-Private Partnerships (PPPs):A form of financing public investment and sometimes the direct provision of public services, in that finance is provided by private investors (in
A competitive firm produces output using three fixed factors and one variable factor. The firm’s short-run production function is q = 154x – 5x2, where x is the amount of variable
Direct Marketing This is a marketing tool designed to elicit instant action from the customer through direct contact.
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relationship between total utilities and marginal utilities
1) Describe (with an example) how trading can lead to an increase in world output if countries specialize in the good in which they have a comparative advantage. How does the intr
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
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