Question
Give one reason for a rightward shift in supply curve.
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Question
Explain the central problem of “choice of technique”.
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Question
What is the likely effect on the supply of a good  if the prices of the inputs used in production of that goof fall? Explain.
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Question
Explain what happens to the profits in the long run if the firms are free to enter the industry.
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Question
Explain what happens to losses in the long run if the firms are free to leave the industry.
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Question
Distinguish between balance of trade and balance on current account.
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Question
In an economy an increase in investment leads to increase in national income which is three times more than the increase in investment. Calculate marginal propensity to consume.
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Question
Explain the implications of the following in an oligopoly market: (a) Barriers to entry of new firms (b) A few or a few big sellers
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Studies 8 months 1 Answer 65 views Silver 0