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Tropospheric pollution or Air pollution, Air is one of the important consti...
Air is one of the important constituent in the environment that is prone to pollution. Pollution of air refers to that part of atmosphere which is very nearest to the earth’s surf
Gasoline rationing, Gasoline Rationing - In the year 1974 and again in ...
Gasoline Rationing - In the year 1974 and again in the year 1979, the government imposed price controls on gasoline. - This resulted in scarcity and gasoline was rationed.
Production having two outputs - economies of scope, Production having Two O...
Production having Two Outputs -Economies of Scope * Economies of scope exist when joint output of a single firm is greater than the output which could be achieved by two diffe
Find the marginal products of capital and labour, A farmer produces maize a...
A farmer produces maize according to the following production function Q m = AK 1/3 L 2/3 Where Q m is output of maize, A = land, K = capital and L = labour Given that
Trade, Reasons for International Trade?
Reasons for International Trade?
Define injections and withdrawals, Define injections and withdrawals. ...
Define injections and withdrawals. "The inflows in circular flow of income are known as injections". Investment, government spending and exports are there in injections "The
Describe the price of monopolistic competition, Perfect competition and mon...
Perfect competition and monopoly are rarely found in the real world and thus they do not represent, for the most part, the actual market situations. Therefore, the conclusions whic
Concepts of income and substitution effects, Concepts of Income and Substit...
Concepts of Income and Substitution Effects: Change in demand for a good due to one unit change in price of that good for given prices and money income is known as own price
Market output of company, (a) Increase in technology and productivity take ...
(a) Increase in technology and productivity take effect in the red bull market use and label a graph to explain the result of this change on each of the following (i) Market Pri
Consumer Behavior, Monica consumes only goods A and B. Suppose that her mar...
Monica consumes only goods A and B. Suppose that her marginal uility from consuming good A is equal to 1/Qa, and her marginal utility from consuming good B is 1/Qb. If the price of
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