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characteristics of microeconomics
Posted Date: 6/3/2013 5:20:06 AM | Location : South Africa
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Define economies of scale, Q. Define Economies of Scale? Economies of S...
Q. Define Economies of Scale? Economies of Scale: Most economic production requires producing firm or organization to make an initial investment (in real capital, in design and
What are the determinants of income elasticity of demand, What are the dete...
What are the determinants of income elasticity of demand? There are three determinants of income elasticity of demand. These are: Degree of necessity of a good: In a developed
Marginal Revenue, How do you calculate marginal revenue, and monopolistic p...
How do you calculate marginal revenue, and monopolistic profit?
Labour economics, Much of the supply-side, fiscally conservative economic p...
Much of the supply-side, fiscally conservative economic policies of Margaret Thatcher, Ronald Reagan, and even Mike Harris in Ontario were predicated on the belief that high income
Perfectly competitive market, Perfectly Competitive Markets * Character...
Perfectly Competitive Markets * Characteristics of Perfectly Competitive Markets 1. Price taking 2. Product homogeneity 3. Free entry and exit * Price Taking
Ols, Which assumption of Classic OLS does this model violate?
Which assumption of Classic OLS does this model violate?
Exchange rate policy - imf, Exchange Rate Policy: After the second ame...
Exchange Rate Policy: After the second amendment to the Articles of Agreement of IMF which came into effect on April 1, 1978, every member is free to choose its own exchange r
Inelastic, "price makers" never want to produce in the inelastic part of th...
"price makers" never want to produce in the inelastic part of their demand curve why
Aspects of basic analytical frameworks in modern economics, What are the ba...
What are the basic analytical frameworks of modern economics? The fundamental analytical framework of modern economics: The fundamental analytical framework for an econom
Durability of the commodity, Durability of the Commodity: With some comm...
Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele
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