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Non-Tradable:Some products can't be transported over long distances or otherwise sold to consumers from far-off locations. These products (including some goods as well as most services) are thus considered non-tradable: they should be consumed near to where they are produced. Nontrade able products include most construction, some manufacturing (like highly perishable or extremely bulky products), most private services and nearly all public services.
trend and structure of national income in nigeria
Determine Optimal Price, Quantity and Economic Profit A firm has a demand function P = 200 – 5Q and cost function: AC=MC=10 and a potential entrant has a cost function: AC=MC
explain how microeconomic and macroeconomic issues may be represented using the production possibility curve
what are the main properties and assumptions of indifference curve
In an industry with two firms, represent the outputs for these single product firms as q 1 and q 2 . The two firms decide to form a cartel and set their levels of output to maxim
Determine the Profit-Maximizing Price If a firm targets a 25 % rate of return on sales, and has unit costs of production of $100, what price should it charge if it uses cost-p
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above?
Problem 1: i) How might unemployment arise? ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy. iii) ‘'Inflation always
Yuen, a travelling salesman for snake oil, can produce the stuff at a marginal cost of 1. There are 100 potential customers in Vernon, each of whom has the following demand functio
#question.PROPERTIES OF INDIFFERENCE CURVES WITH TABLE AND DIAGRAM.
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