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Question 1 Identify the basic postulates of economics
Question 2 Discuss the role of price mechanism
Question 3 Explain the shape and application of Engel curve
Question 4 Discuss the various features of optimal expansion path
Question 5 Once a price-quantity combination is determined, an oligopoly firm does not find it profitable to change its price. What is the logic behind this?
Question 6 Graphically explain Keynesian theory of interest
How does the production possibilietes curve relate to present day economics?
Homework 4 Q1. Suppose a consumer has utility function (u) = xy where x and y are amounts of two commodities that this consumer consume. Suppose this consumer’s income is $120, pri
Solve equation P=200-Qs and Qs=4.5p +5
discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
Materials Requirements Calculations - MRP System MRP is a computer-based 'engine' which carries out calculations in order to determine: What is needed, and When i
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
Illustrates the stages of the production of an economic conclusion? The production of an economic conclusion generally goes into three stages as follows: Stage 1: It is no
the basics in micro economics
a) Consider the following flows (in thousand of people) between the various labour market states in a particular month: UE = 240 000; UNLF = 180 000; EU = 190 000; NLFU = 220 000
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