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Q. What is Cost effectiveness analysis?
Cost effectiveness analysis A method which seeks to identify the least cost option for meeting a particular objective. It actives prioritisation between options, but ultimately cannot assess whether an option is economically worthwhile.
Returns to Scale Measuring relationship between scale (size) of a firm and output 1. Increasing returns to scale: output more than doubles when all the inputs are doubled
subsitution effect dominate tha income effect in which good case?
advantage dis advantage of pure monopoly
Money facilitates market activities and is essential in complex market systems. With money people can avoid the problems associated with coincidence of wants. Between, these pro
#queUse a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more wome
Evaluate the role of multinational companies in helping developing countries to achieve economic growth/development. Explanation of growth; enhance in GDP per time period Ex
if you were making the pricing decision for the gasoline company, would you cut, raise or leae the price unchanged
use a graphical illustration to briefly describe what the influence of an increase in immigrants would be on the market supply of labour
Which firm has the greatest minimum efficient scale?
causes for emergency of monopoly
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