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Question 1:
a. What is the supposed rationale for subsidising higher education in various developing countries?
b. Do you think there is a legitimate rationale to the above, from a development viewpoint? Describe your answer.
Question 2:
Do you think that State-owned enterprises should be encouraged or discouraged? Explain your answer.
Infrastructure : Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing p
Question: (a) Describe the two major developments which have led in the adoption of Import Substitution Industrialisation by Developing Countries in the 1940s/50s. (b) Ill
If coolest icecream parlor has been closing at 5pm with $120 of marginal revenue and $80 of marginal cost for the last hour open, what should coolest icecream do to maximize profit
2 i) Explain what are the key assumptions by the welfarist approach. ii) Define and discuss the properties of a Generalized Utilitarian social welfare function and represent it
Fixed costs are those which are independent of output that is they do not change with changes in output. These costs are a fixed amount which must be incurred by a firm in the shor
#question.using a well illustrated diagram, explain the concept of producers equilibrium .
List two advantages of markets identified by the authors of the text. Markets can be a significant way of allocating resources. Markets include voluntary exchanges. Another b
in the context of managerial economics how do you explain a rational producer.illustrate giving example.
the price elasticity for gizmos is known to be 1, if sellers of gizmos increase their
Q. What is Benefits transfer? The process of transferring benefit estimates from past valuation studies to the present study, in order to reduce appraisal costs. The validity
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