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bain''s model of limit pricing with diagram
differentiate between normative and positive statements in economics with the help of a statement
a) The production function of certain firm is given as Q = 40 K 1/2 L 3/4 A unit of capital and labour costs Kshs 44 and Kshs 36 respectively. The firm would like to maxim
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
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
a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
inflation wide equality while deflation narrow it down due in aggree distify we answer with algement?
explain the properties of indifference curve with the help of diagrams?
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