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Question 1: (a) Describe what is Economic growth and describe its relationship with standard of living? (b) Assuming you are the government economist, what policy measures
Using the key distinguishing features of any market structure describe the market structure for the South African mobile telecommunications industry
What are the economies and diseconomics of scale?
The process of production needs several inputs. These inputs are known as the factors of production. In most cases, firms own some of the factors of production while some have to b
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
What two developments are demanding new ways of looking at the economic world in the 21st century? What kinds of sustainability questions do they raise? Two developments that
types of production function
explain the relationship between ATC,AVC and MC by using diagram
1. Let's get some practice plotting budget constraints. On the graph below, plot the budget constraints when: a. (Use Black): P x = 57,P y = 18, and M = 342. b. (Use Blue):
explain the marginal produtivity theory
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