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what are the similarities and differences of marginal productivity and marginal utility
Differentiate between firm and industry. A firm is a business unit produced for the purpose of carrying out some kind of trading activity. The term "firm" is used in many ways
Materials Requirements Calculations - MRP System MRP is a computer-based 'engine' which carries out calculations in order to determine: What is needed, and When i
Revenue and Profit Maximization: Whenever a good is produced, the individual firm which has produced incurs costs which are are referred to as private costs and the society in
You estimate that the price elasticity of demand for one-acre plots in Lusaka is -1.5 and that income elasticity of demand is 5. Land owners intend to increase the price of a one-a
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
Ask question using health care as an example explain how markets fail due to different types of externalities arising from jointness in production and consumption
why is international trade important for south africa
What is market failure?
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