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Question:
Using diagrams where appropriate, describe the concepts of scarcity, choice and opportunity cost.
Distinguish between negative and positive externalities, explain your arguments with appropriate examples where necessary.
Describe the concept of economies of scale and discuss the different sources of economies of scale.
Using demand and supply analysis, illustrate the influence of the imposition of a maximum price and a minimum price on a product on price and quantity.
Q. Money market in the AS-AD model? goods and the money market in the AS-AD model We begin by studying goods market and money market when prices are no longer constant. Fi
What does a shift in the demand to the right mean? Why does the demand curve shift?
Scope of Economics
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
A bakery has fixed costs of $10 per day and variable costs of $1 per loaf. Its oven can handle up to 50 loaves a day and it is impossible to obtain additional capacity. Sketch the
Hello sir, madam... I am hassan PHD student. I''m lost to get a good frame work of my thesis about e government and economic growth. and I need to know how to measure the variable
What are forms of price ceiling to lead inefficiency? Price ceilings frequently lead to inefficiency into the forms of: a. Ineffective allocation to consumers b. Wasted r
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Determine the term- Nominal wages The nominal wage is wage per unit of time in currency used in the country- what we mainly just call wage. When we refer to wage in macroeconom
full oligopoly chapter
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