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Question 1 Discuss the short-run cost-output relations
Question 2 Write a short note on pure competition
Question 3 Describe excess profit criterion
Question 4 Discuss the various ways by which rival firms may react to change in price made by one firm
Question 5 Explain the effects of taxation on the equilibrium of a firm
Question 6 Write a short note on imperfect competition in the factor market
Why is investment so important in an economy? Define investment as an enhance in capital stock and link this to broad macro issues; future output, enhance in living standards, ta
Why narrowness of definition of a commodity may influence price elasticity of demand
discuss how economic theory explains the optimum pattern of consumption of an individual consumer
Ben prefers the mixed consumption basket x+y to either 2x alone or 2y alone. But as between the latter baskets, he would rather have the 2x. Do the fact stated indicates the axiom
Question 1: a) Describe the different types of unemployment that exist. b) Critically examine how monetary policy will be used to deal with inflation. c) Critically deter
theory of profit
Are there any economic effects to non-Hispanic whites, given that they no longer represent the majority of the population? Why are these examples important from an economic standpo
what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
The Hypothesis of Inflation-Unemployment Trade-off : This hypothesis about formation of expectations is therefore known as the hypothesis of adaptive expectations. The hypothes
explain the concept economies/diseconomies of scale and minimum efficient scale
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