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Directions: You should legibly handwrite or type the answers to the following questions on a separate sheet of paper. These must be submitted in class (not via email unless you hav
An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping fa
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
Explain about the content of factor markets and the distribution of income. Content of factor markets and the distribution of income: a. Factor distribution of income b.
In a perfectly competitive market the price of the product is?
characteristic of duopoly
explaination of quasi rent theory
discuss the central economic problem facing survivor group
who is a rational behaviour
#question#.problems and its solution of microecnomics
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