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characteristics of microeconomics
Posted Date: 6/3/2013 5:20:06 AM | Location : South Africa
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Absolute and comperitive advantage, If one person can produce 1 fish and 10...
If one person can produce 1 fish and 10 oranges per hour and works 5 hours a day.another person can produce 2 fish and 20 oranges per 2 hors and works 8 hurs a day then who has the
Proposal, #quesSuppose that two anti-marijuana proposals are currently bein...
#quesSuppose that two anti-marijuana proposals are currently being debated in Congress. Proposal I will reduce the supply of marijuana and cause its price to rise by 7%. Proposal I
Significance of education to economic development, Normal 0 fal...
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What is a natural monopoly, What is a natural monopoly Define natural m...
What is a natural monopoly Define natural monopoly as a situation where the advantages of scale a fixed costs are so high that it is impossible to fully exploit them. MC and AC
Economic value, The monetary calculate of the welfare associated with the c...
The monetary calculate of the welfare associated with the change in the provision of some good. It is not to be confused with monetary value, unless the latter is explicitly desig
Average and marginal cost, TC = Q3 – 8Q2 + 68Q + 4
TC = Q3 – 8Q2 + 68Q + 4
Foreign exchange markets, FOREIGN EXCHANGE MARKETS: A foreign exchange...
FOREIGN EXCHANGE MARKETS: A foreign exchange market (sometimes informally called the forex market, or denoted FEM) is a market in which different currencies are bought and sol
Production, given P=120-Q TC=Q(to the power 2)+ 16 1-derive the total...
given P=120-Q TC=Q(to the power 2)+ 16 1-derive the total revenue function 2-calculate profit mazimization output for a-perfect competitive firm b-monopoly 3-explain whi
What is the price elasticity of demand for electricity, 1. On Wednesday the...
1. On Wednesday the 16 th , 2008 an enormous avalanche knocked out the lines that transmitted electricity from a hydroelectric dam to Juneau, Alaska. This eliminated Juneau's prima
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