Introduction to resource economics UE Past Papers Questions.
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(2296) Question Category: Short answers Concisely define the following concepts
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(2297) Question Category: Mathematical Calculation
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(2298) Question Category: Mathematical Calculation A firm that makes pencil plans on producing 500 pencils a week. Based on their production costs throughout the years, they figure that it will cost them $1.00 to make each pencil. There will also be a cost for running the equipment for a week that they figure to be $350 for the whole week, regardless of how many pencils they make. The same pencil factory decides to sell its 500 pencil for $1.75 each.
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(2299) Question Category: Short answers Monopoly is a situation where there is only one seller of the commodity. Concisely explain at least five(5) sources or bases of monopoly Answer / Solution UNSOLVED |
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(2300) Question Category: Short answers Minimum wage determination can cause unemployment. Explain. Answer / Solution UNSOLVED |
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