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Interest: A lender charges interest as the price of lending money (or some other asset) to a borrower. Interest is mainly charged as a specified percentage of the loan's value, per
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
please may you explain this concept
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
why s-block elements are powerful reducing agent?
The Efficiency of a Competitive Market *? When an competitive markets generate an inefficient allocation of the resources or market failure? 1) Externalities Costs
What is buget line how it is calculated?
In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.
Natural Factors: Seasonal variations may affect the demand for a commodity at certain times of the year. For example, during the raining season, demand for commodities such as j
what is the theory of second best?prove the theorm with the help of diagram?
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