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Deficiency of iodine Inadequate iodine also leads to dry skin, loss of hair, exhaustion and sluggish reflexes. For the developing fetus, infant and young children, iodine deficienc
Input-Output Models Input-output models are used in economics of education in studies of cost-quality and education-labour-earnings relationships. Different levels and forms
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law of demand..
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
1. Define the concept of opportunity cost in your own words. Given an example from your own life of the opportunity cost of a decision (do NOT use classroom examples). Explain why
what are the solutions to cost push inflation
an emission fee levied against polluting firms will tend to shift the supply/demand curve of the firm/product to the left/right?
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
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