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The Economics of Population
Population issues became matters of economic concern when it became increasingly apparent that the problem of excess population may be a serious obstacle to development. This is because although it might seem to appear that given the appropriate conditions, sufficient foreign capital and technical assistance the poor countries could move along the same path of economic progress as the developed nations, often this is frustrated by growth of population which means that the expansion of output is outstripped by increased needs.
in the context of oligopoly theory explain the channels via which either a cost reduction or a quantity increase influence a supplier''s profitability
distinguish between industry demand and firm demand..
Q. What is Right Angled Isoquant? This presumes zero substitutability of factors of production. There is just one method of producing any one commodity. In this case, isoquant
Q. Show the method of production? A process or method of production is a combination of inputs essential for the production of output. A method of production is technically eff
Types of Price Elasticity of demand a) Perfectly inelastic demand Demand is said to be perfectly inelastic if changes in price have no the quantity demanded so
Suppose that the present level of income in the economy is $700 billion. It is determined that in order to decrease the unemployment rate to the desired level, it will be essential
Explain how managerial economics is useful for decision making
Use the data set cd costs2010 to estimate the marginal cost of one more CD. (Regress costs on the number of CDS.) Test the hypothesis that the marginal cost equals 75 cents. How wo
Suppose that the price elasticity of demand for cereal is -0.75 and the cross-price elasticity of demand between cereal and the price of milk is -0.9. If the price of milk rises by
When is production profitable according to price-taking firm at profit, break-even or loss? Production profitable at profit, break-even or loss: a. When TR > TC, in that cas
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