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Explain the Human Development Index
Introduced by the UN in 1990, the index take into account not only the goods and services formed but also the ability of a population to use these and the time they have to enjoy them. It is a composite index based on real GDP per capita (PPP), life expectancy at birth and educational achievement that calculates socio-economic development.
What are the different pricing practices?
consumer choice involving risk
draw demand curve for a-phone explain how the graph, price ,and quantity demand will change if there is an overall increase in income.
using necessary and sufficient conditions explain consumer equilibrium diagrammatically as well as mathematically
a) Examine at least three (3) possible areas for the industry that could lead to transaction costs, and describe each in detail. b) Speculate about the behaviour that could
Explain the meaning of the statment "coffee and tea are close substitutes".
SHORT PERIOD ANALYSIS: Short period in production refers to a time when some inputs remain fixed. A fixed input is one, whose quantity cannot be changed readily, whereas, a va
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With the aid of a diagram explain the long run average cost curve and the influences upon it.
if australian governmrnt imposed a sales tax on petrol by $0.25, then the price of petrol will rise by 0.25. consumers can not get by without petrol, so they have to pay the whole
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