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if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
Q. What is Economic efficiency? Economic efficiency Explain a situation where the total value of the end uses, to which the resources are put, is maximised. A consequence is th
Is economics an art or a science
demand for two market are P1=15-Q1&P2=25-Q2.the monopoly TC is C=5+3(Q1+Q2).What are ,output,profit&MR if the monopolist can price disc? riminate
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
What is Economics? Economics is explained as the study of how people choose to use their scarce resources in an attempt to satisfy their unlimited wants. In other words, we h
Imagine a country where plane and train services between two main cities are both provided by private companies, and, from a consumer perspective these services are viewed as subst
Question: Describe the meaning of ABC inventory control and on what key premise is this system based? The finance department of Electric Corporation gathered the following i
the basics in micro economics
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
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