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Factors of Production Factors of production are the resources that are utilized to manufacture goods and services: 1. Natural resources: The things developed by acts of n
Suppose the demand curve for a consumer for coffee is: Q = 6 - 2P, where Q represents the number of cups per day and P is the price of coffee per cup. 1. Suppose the con
Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the
Discuss whether inflation or deflation is the more serious problem for an economy. Inflation is a consistent general enhance in the price level, whereas deflation is a consiste
advantage dis advantage of pure monopoly
explain diagramatically Bain''s limit pricing mode
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
appraise baumol`s sales revenue maximazation theory as an alternative of the firm
Credit Squeeze:At times private banks become reluctant to issue new credit andloans, frequently because they are worried about risk of default by borrowers. This is common at the t
Why is the goal of stability and security important to many people? What problems typically emerge during periods of instability? The instability over the business cycle can b
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