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Firm effects are more important the industry effects. What does this mean? Can you think of situations where this might not be true?
Assume the United States has the following consumption information: GDP = Income Consumption
a health club sells 50 memberships when the monthly price is $60 and 70 memberships when the monthly price is $40. the price elasticity of demand for memberships at this health clu
why is international trade important for south Africa
Explain the multiplier effect with example Deposits and loans in banks give rise to an important multiplier effect. We use a simple example to illustrate this effect. Consider
use a numerical example to illustrate how credit multiplier works
Assuming an economy with no government and no foreign trade. Measure GDP for the following output scenario: There are three firms: firm A is a minning company, firm B is a stee
Explain modern theory of rent eith diagrams and defination
how adverse selection has an impact on financial crisis
Privatization is the move of ownership from the public sector (government) to the private sector (business).
A monopoly is broken into a number of competitive parts. Predict the changes in output and price which are likely to take place. Making the basic assumptions that, 1) The i
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