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Monday, November 20, 2017

Micro Economics

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Describe Factors of Production.

Tamanna Tama November 20, 2017 0 Comments

Economics classify economic resources into four general categories. These are: Land Labor Capital Entrepreneurship 1. Land...

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Labels: Micro Economics

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How the shape of production possibility frontier is affected by increasing opportunity cost?

Tamanna Tama November 20, 2017 0 Comments

Opportunity cost can be thought of in terms of how decisions to increase the production of an extra, marginal, unit of one good leads...

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Labels: Micro Economics

Micro Economics

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What is Production possibility frontier?

Tamanna Tama November 20, 2017 0 Comments

Production possibility frontier is the graph which indicates the various production possibilities of two commodities when resources...

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Labels: Micro Economics

Micro Economics

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What is Opportunity cost?

Tamanna Tama November 20, 2017 0 Comments

An opportunity cost represents an alternative given up when a decision is made. Every resource (land, money, time, etc.)...

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Labels: Micro Economics

Micro Economics

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What are the difference between positive economics and normative economics?

Tamanna Tama November 20, 2017 0 Comments

The differences between positive economics and normative economics are given below: No POSITIVE ECO...

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Labels: Micro Economics

Micro Economics

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How can economic problem can be solved?

Tamanna Tama November 20, 2017 0 Comments

To solve the economic problem we can take four solution. They are: Production : The word production is usually taken to mean the m...

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Labels: Micro Economics

Micro Economics

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State the fundamental economic problems'?

Tamanna Tama November 20, 2017 1 Comments

The fundamental economic problem is related to the issue of scarcity, there are three types of economic problem, and those are: ...

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Latest

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Monday, November 20, 2017

Describe Factors of Production.

How the shape of production possibility frontier is affected by increasing opportunity cost?

What is Production possibility frontier?

What is Opportunity cost?

What are the difference between positive economics and normative economics?

How can economic problem can be solved?

State the fundamental economic problems'?

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