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Explain about theories and models linked to development.
• There is no one agreed theory of development. All models, as Rostow, provide an insight in one or two dimensions of the complicated process of development.
• Theory is utilized to analyse and calculate development. Be familiar along with their predictions, weaknesses and assumptions
• Do not be troubled to adopt a critical outlook of the validity of models and their guesses. Be balance and define your analysis along with recent case study evidence.
explain how a price disciminating monopoly increases profits
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Scenario: A client comes to you for investment advice on his $500,000 winnings from the lottery. He has been offered the following options by three different financial institutions
Question 1: (a) Explain, giving examples, the law of diminishing returns, clearly bringing out the relationship between cost curves and product curves in the short run. (
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cn i get an example of it
uses of discounting principals
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