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What is the role of profits in a market economy? Profits act as an incentive to producers and potential entrepreneurs, and also as a signal to both that resources may be re-al
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
how can we solve central problems of economy in different econmy?
a firm has fixed costs of $60 and variable costs as indicated at the bottom of this page. complete the table and check your calculations
market failure
discuss the problems of measuring productivity in actual work situations. how might productivity be measured for each of the following industries: education, government and manufac
what is traditional economy 2 features of traditional economy
why does economist agree or disagree?
law
u=2x^2+3y^2 hence income=310 birr and price=3 birr calculate quntity of x and y the optimize&minmize utilityfor the given income
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