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RELATIONSHIP BETWEEN TFC ,TC ,TVC
construct your own version of a production possibility curve and use it to explain scarcity, opportunity cost and choice
the sources of market failure
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
explain main features of short run engineering cost theory
derive PCC for complementary goods
What are the economic and social costs of high inflation levels? High inflation will have serious redistribution costs; make distortions to the economy; decrease international
Functions of the IFC: The purpose of the IFC is to further economic development by encouraging growth of private enterprise in member-countries. The IFC, therefore: • inv
why does gap between the ATC curve and the AVC curve decreases as the level of output increases
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