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QUESTION
1) Explain the term Balance of Payments (BOP) and how a government would intervene to correct a BOP deficit.
2) Explain the protectionist measures that a government can adopt to safeguard the growth and interest of domestic firms and what are the key reasons for such protectionist measures.
3) Is National Income a true and fair measure of standard of living? Justify your answer.
explain how a price disciminating monopoly increases profits
An agent has a utility function over goods 1 and 2 of the form U = x c 1 x d 2 where c is your 1- digit number and d is your minimum number. The agent's income is equal to you
Problem-solving question: Use the following data for a firm’s output at various levels of employment (L) to calculate: a) its marginal physical product of labor (MPPL) schedule; (
(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.
QUESTION (a) Explain the term Balance of Payments (BOP) and how a government would intervene to correct a BOP deficit. (b) Explain the protectionist measures that a governme
Usage of Game Theory in Managerial decision
Explain how the economic theories applied in business economics
What are the factors of evaluating a policy or institution? Factors to consider during evaluating a policy or institution comprise: • Internal and external constraints onto
1. (classical monopoly pricing) A monopolist faces a demand curve q (p) = 100 p: (a) If its cost function is C (q) = 2q; what is the optimal level of price and quantity? (b
What is culture and human capital? Human capital is the knowledge, experience and skills of employees and can be raised by investing into education, job training and health
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