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Show the possible outcome of setting a minimum wage for under-eighteens.
Explaining and illustration of minimum wage - clearly set above market equilibrium
- Where employers could change the labour tax savings between themselves
What is the problem of central economic
Define Amagat law of partial volume, Amagat law of partial volume The total volume of a mixture of non reacting gases at constant temperature & pressure is equal to sum of indiv
identify any four other law of demand and give examples
how to differentiate the exeptional demand and exceptional supply?
National income accounting: Final Goods: Final goods are goods and services which are being purchased for final use and not for resale or further processing or manufacturing
Economic Value to Customer Economic Value to Customer = EVC x = [LifeCycle costs of a competitor's product in relation to a home firm] - [Start-up Costs for the home fir
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
Explain about the term cost function. Cost Functions This function measures the minimum cost of producing a specified level of output for some fixed factor prices. Likewise
Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar
Methodology of econometrics involving three stages 1. Specification of the model using a specific stochastic equation, together with a priori theoretical expectations about th
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