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Economic profit and Economic loss: Economic profit is the excess if total revenue over total cost when the latter includes both explicit and implicit costs. It is the type o
VIVIDLY EXPLAIN WHAT THE RAWLSIAN SOCIAL WELFARE ENTAILS
what is the formula for finding gross national product?
Warehousing Facilities: These should be expanded in important commercial centres abroad, specially for fast-moving consumer goods. Nowadays, foreign buyers are reluctant to keep
PLEASE GIVE ANY ONE TOPIC OF ECONOMIC WITH ANSWERS
1. Igora's pizzeria want to know if it should stay open this spring. Total Revenue will be $ 12,000 per week and Total Cost will be $ 18,000 per week. The fixed cost of running the
Problem 1: i) It has often been argued that a monopoly has both costs and benefits. Discuss. ii) Explain, using diagram the short and long equilibrium positions of a monopo
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
is south african economic system more allocative efficient?
in aid of a diagram explain the concept of diminishing returns in production
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