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With the aid of a diagram explain the long run average cost curve and the influences upon it.
STRUCTURE OF NATIONAL INCOME: The structure or composition of national income of an economy explains the relative significance of the different producing sectors in an economy
a firm has fixed costs of $60 and variable costs as indicated at the bottom of this page. complete the table and check your calculations
Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand
GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE
Is indian companies running arisk by not giving attention to cost cutting
A major component of the costs of many large firms is the cost associated with ordering and holding inventory. If the yearly demand for the good is D and the size of each order pla
Problem: i) Differentiate between economic development and economic growth. ii) Describe carefully how, using the expenditure approach, national income is calculated. ii
objestive of williamson modle
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