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An ole firm can use its own data of past years regarding its sales in past years. These data are known as time series of sales. A firm can predict sales of its product by fitting trend to the time series of sales. A trend line can be fitted by graphic method or by algebraic equation s. Equation methods is more appropriate. The trend can be estimated by using any one of the followings methods.
Uses of population census: It is used to determine the size and the growth rate of the population at a country. The helps the government in planning for education, transporta
explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative
three marginal conditions of pareto optimality
Highlight the few heading of it
application of indifference curve analysis to the problem of exchange
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
Market demand and supply of a good is shown by QB = 2,160 - 180P and QS = -2400 + 300P where QD, QS and P stand for quantity demanded, quantity supplied and price respectively. (a
Define Nash equilibrium
An economist's view of costs contains both explicit and implicit costs. Explicit costs are accounting costs, and implicit costs are the opportunity costs of an allocation of resou
Determine whether the ff is counted as part of gdp which of the ff statement are included or excluded 1.1A monthly cheque received by an economic stu
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