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Capital make large scale production and greater degree of specialization possible. Thus with capital accumulation the advantages of large scale production and specializations are o
in the context of managerial economics how do you explain a rational producer.illustrate giving example.
derivation of demand funcation using indifferance curv ordelreay and competed demand curv
characteristics of microeconomics
INTERNATIONAL MONETARY FUND: The important objectives before the Fund presently are as follows: • To promote international cooperation; • To facilitate the expansion and ba
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
The economic model forecasting involves estimating several simultaneous equations which are generally behavioural equation mathematical identities and market clearing equations. T
Sources of external economies of scale: Economies of Skilled Labour: This involves upgrading the skills of labour through the provision of education and training faci
Briefly discuss the components of macroeconomics system with suitable explanation
Demonstrate mathematically that the equilibrium condition MRS PB PA is the equivalent of the utility-maximizing rule MU AP A MU B PB .
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