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QUESTION 1
(a) Illustrate the main causes of inflation in Mauritius.
(b) Critically analyse the costs of inflation. Which of these items is likely to have encouraged the Mauritian government in its adoption of inflation as public enemy number one?
QUESTION 2
(a) Clearly illustrate the types of unemployment that may consist the unemployment level that pertain to the Mauritian economy.
(b) „There is no relationship between inflation and unemployment either in the short run or in the long run? Discuss.
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#discuss the theory of costs in relation to business operations.you should identify different types of costs and explain how the supply curve is constructed for an organisation?
What is Monopoly and how does it affect the economic postively and negatively?
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Suppose a monopolist produces at constant marginal cost and is able to discriminate between two groups of consumers. The demand in each group is linear. Would the monopolist discri
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