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What are Rostowís assumptions?
Assumptions of Rostowís:
• Economic development procedure is universal which is all countries whether within Africa or Asia go by the same series of linear stages onto the way to modernity
• For Europe what worked there after the war will work for all developing countries.
what do you call an entrepreneur using someone elses ideas to start a business
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Assume the firms cost function is: C(Q)= 100+10Q+Q^2 , Determine whether this industry is a natural monopoly when the demand function is: 1) D(P)= 100-3P 2) D(P)= 90-3P 3) D(P)= 10
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