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Explain the Human Development Index Introduced by the UN in 1990, the index take into account not only the goods and services formed but also the ability of a population to use
maximum profits will occur at the output level
Determine the Profit-Maximizing Price If a firm targets a 25 % rate of return on sales, and has unit costs of production of $100, what price should it charge if it uses cost-p
Explain consumer sovereignty and why it might not be that extensive in real life. Explanation of consumer sovereignty Use of S/D model to show how changes in consumption pat
large firms charge the price which is higher than the small firms, contruct the diagram
What is a negative externality?
what is money? functions
discuss scarcity,choice and opportunity cost
Explain the figure of say''s law of market
how pp curve can solve the central problems of an economy?
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