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Discuss how the nation's present economic situation may affect your business in the next year (your market is the entire US economy). Contain the following in your analysis.
a) Expected GDP growth
b) Expected changes in unemployment level
c) Expected changes in inflation
d) Effects of the federal budget negotiations
e) Effects of the European debt crisis
What will be the table of total cost function?
Functions of the Budget The budget fulfils three main functions: To raise revenue to meet government expenditure The government of a country provides certain se
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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
what is market
Case study for consumer behavior using indifference curev
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Q. Development of Skilled Labour - External Economies? As the industry grows training facilities for labour will increase. This helps development of skilled labour that would i
Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia.
distinguish between industry demand and firm demand..
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