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implications of market structures on price determination
what is price elasticity of demand ? write briefly with explaining it''s type.
1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
How would you construct an estimate of marginal cost, & ?C(w, y) , in each period? ?Y
Question 1: i) Elaborate on how CPI is used to calculate inflation and what are the limitations of such a measure? ii) Growth is always beneficial. Discuss iii) Explain
a. Determine Australia’s market equilibrium for TV sets. i. (1) What are the equilibrium price and quantity?
discuss how cross of demand is useful in categorizing commodities
Proportion of Workers in Organised and Unorganised Workers: Increasing share of employment in unorganised sector reflect the deterioration in the quality of employment because
Female-headed households: The high incidence of unemployment among the educated in general and women in a particular reflects that the pace of creation of diversified employme
CHARACTERISTICS OF ECONOMIC INFRASTRUCTURE: Natural monopoly is the situation where the provision of a good or a service has economies of scale, which are realised most when a
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