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How do you calculate variable unit costs and total annual costs? Ans) Annual units sold, 1000. Raw materials yearly cost 650. Building rent yearly cost 9000. If sales volume enh
Fixed versus floating exchange rates: To begin with, we will briefly review the balance of payments (BOP) table of a nation that you studied in the course on international eco
give and explain national income variation
Buying government securities: When a commercial bank buys government bonds, the effect is substantially the same as that of lending - new money is created. To
The aim of this task is to explore the effects of a supply shock on a firm and thereby on the industry. Suppose that war breaks out in the Middle East, where a considerable portion
Imagine Adam Smith living in today's economic climate. Describe what current economic issues about which he might be most concerned with and state why?
why does the price level not enter desire consumption, investment and net exports of the desired aggregate expenditure function in the keynesian cross model
ACCOUNTING SYSTEM-EXAMPLE Let us now introduce a complication. There are three firms in the production sector. The Fruit Extracts Company manufactures from raw fruit, fruit ext
Q. Explain about Nominal wage level? In macroeconomics, we are usually not interested in the wage for a specific individual though in the average wage for all employed individu
why is international trade important for south Africa
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