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Illustrate liberalise or open up trade in market for promoting development? Liberalise or open up trade implies that: • Abandoning fixed exchange rates and elimination of re
Aska) Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the c
despite of pitfalls forecastimg is indispensable to a business firm.discuss the importance of forecasting in light of this statment
Do you agree with the traditional theory that assumes profit maximization as sole objective of a business firm?
total outlay method as a measure of elasticity with application
1. (classical monopoly pricing) A monopolist faces a demand curve q (p) = 100 p: (a) If its cost function is C (q) = 2q; what is the optimal level of price and quantity? (b
“Ledger is said to be the principal book entry and the transactions can even be directly entered into the ledger account.” Elaborate and explain why journal is necessary.
to explain in detail how to get five rights in procurement and supply
VARIOUS DEFINITIONS OF UNEMPLOYMENT
Is unemployment and underemployment a problem? The cost of unemployment is both: • Economic along with the opportunity cost of lost output raised poverty and inequality
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