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your company has a product that it is interested in marketing in a foreign country using one of the following websites click on a country of your
create a demand schedule and a supply schedule for your product using these schedules draw a demand curve and a supply curve using powerpoint or
suppose you have 10 individuals with values 1 2 3 4 5 6 7 8 9 10 your marginal cost of production is 250 what is the profit-maximizing
as stock markets have crashed and uncertainty has increased consumers move their money to the safest currencies and countries in the world
on valentines day the price of roses increases by more than the price of greeting cards why hint consider what makes roses and cards different
during the 1990s technological advance reduced the cost of computer chips explain with the use of supply and demand diagrams how the following
state trading is often associated with canalisation canalisation means estaolishment of state monomply in foreign trade in other words an item that
disadvantages of state tradingstate trading has several disadvantagesi state trading is often afflicted by the corruption and inefficiency usually
there are different reasons for state trading important reasons are given belowistate may directly buy the goods required by the various government
a firm in a perfectly competitive product market takes the price of the product as given similarly a firm in a perfectly competitive factor market
the process of production needs several inputs these inputs are known as the factors of production in most cases firms own some of the factors of
stackleberg model is another attempt at understanding the strategic decision making of oligopolistic firms it derives its name from heinrich
the very name of this market type suggests that it is a combination of the monopoly and competitive firms the characteristics of such a market are1
first degree price discrimination - the monopolist sells different units of the commodity at different prices which differ from person to
price discrimination occurs when the same product is sold at different prices to different consumers a monopolist divided his consumers into groups
monopoly is that form of market where there is only one firm producing a particular product being the sole supplier the monopoly firm has the power
perfect competition has the following characteristics1large number of firms - there are a large number of firms in the market due to this each firm
average total cost atc atc is the total cost per unit of outputatc tcy tfc tvcy afc avcatc falls sharply at the beginning of the production
average fixed cost afc afc is the fixed cost per unit of outputafc tfcysince the tfc is constant throughout the short run as y increases afc will
1 isoquants are negatively sloped because if the quantity of factor 1 used in production is decreased then the quantity of the other factor must
bullproduction function the factors of production have to be combined in a particular manner to produce a certain product think of baking a cake
does the curve represent if the risk is not taken and the line connecting two points on the curve represents if the risk is
1 using personal work experience or examples found from companies you research or from text book scenariosa give an example of at least two
explain inflation and the difference between anticipated and unanticipated inflation answer inflation is the
analyse the strengths and weaknesses of gdp as a measurementanswerstrengths of gdp as a measurement1 it helps in making international comparison