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Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand
Government Production: Some production in the economy is undertaken directly by governments (or several kinds of government agencies) in order to meet public requirements (as disti
Qdx=-30p+0.10+4pr+4t
short run equilibrium of the industry
the fours laws of chemical combination
In a perfectly competitive market the price of the product is?
show this in a pie chart age = under 20|number of people = 20.90
a) Microeconomics is concerned with decision-making within the firm, household or on the individual level, but macroeconomics is concerned with the behavior of the whole economic s
Outline the possible negative effects of import-substitution policies. Define and outline import-substitution; focus on reducing domestic reliance on imports by implementing hi
how does the charging the monoply a specific tax per unit affect the monopoly optmum and 5the welfare of consumer
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