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Individual Assignment ECO101 - PRINCIPLES OF ECONOMICS electronic submission via Moodle 6 Questions 100 marks (15% of total course) All questions should be attempted. 30-50 w
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
periodic table
Paradox of Thrift: An individual household, governmentor business may attempt to save money by reducing their current expenditures. Though those attempts to save, once amalgamated
ways of imroving productivite
BUREAUCRACY: M de Gournay, an economist of France, first coined the word Bureaucracy in the eighteenth century to refer to "a fourth or fifth form of Government" in which "off
Solve equation P=200-Qs and Qs=4.5p +5
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
Neutrality: Bureaucracy is apolitical and neutral. Prof. Frocderich mentions the following features of bureaucracy: (i) differentiation of functions, (ii) qualifications for o
disadvantages of monopsony
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