market structure and pricing decision applied problems
Just need help to see if I am in the right direction if there any think wrong need help with it.
Explain Unemployment, Growth, and the Future?
Give a brief introduction of the term Timing Principle?
Briefly explain the use of graphs as a way to present economic relationships. What is an inverse relationship?
What are the 4 phases of the business cycle?
When turkey is $1 per pound and the relative price of ham to turkey is 2, in that case a pound of ham costs: (i) 50 cents. (ii) 1/2 pound of turkey. (iii) 2 pounds of turkey. (v) 12 pesetas. (iv) 5 euros. How can I
Economic scarcity is pervasive, that makes choices essential. Therefore, rationally optimal decisions hinge upon tradeoffs which essentially reflect: (i) cooperation to minimize human greed. (ii) opportunity costs. (iii) competitive social behavior. (
Briefly explain the term Average cost and Marginal cost?
What are the main sources of growth?
Adam Smith’s perception which self-interested motives underpin even charitable activities through apparently selfless people appeared originally into his primary major book that was entitled: (1) Theory of Moral Sentiments [1755]. (2) Leviathan
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