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QUESTION
(a) Explain the Law of demand and the factors affecting demand for a product or service.
(b) Explain and illustrate diagrammatically how the market demand for a product will react if there is a tax imposed on the good.
(c) What you understand by Price Elasticity of Demand? Illustrate and explain with examples, price inelasticity and elasticity and how it helps in decision making at firm's level.
(d) Distinguish between a firm's fixed cost and variable cost and give examples.
QUESTION a) State and explain the assumptions of a perfectly competitive market. b) Analyse the effects on the firm's profit and output of an increase in demand in the short
The following represents the potential outcomes of your first salary negotiation after graduation: Assuming this is a sequential move game with the employer moving first, indicate
as a result of 2008 financial crisis, there was loss of construction jobs in us, since home developers stopped building new homes. in your opinion which type of unemplyment is res
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Tasks "Accounting standard setting is a political lobbying process, and as such offers various Opportunities and means for interested parties to affect its outcomes." Require
#discuss the theory of costs in relation to business operations.you should identify different types of costs and explain how the supply curve is constructed for an organisation?
Question 1: (a) There are few, if any, real companies with negative betas. But suppose you found one with β= -0.25. How would you expect this stock's rate of return to chang
What are colonial background countries of the development process? A colony is a country controlled by other. Various European countries had extensive empires as: • Latin
QUESTION (a) Explain the 3 different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standard of a population? Discuss
The government spending on given goods and several services including public. This is government spending on state-provided goods and services including public and merit goods. Dec
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