Economics

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M P E C T U L L D L O I V I V K K W I C S
A W V W H L H F H C Y B D V I J R Y X A V
S Y I T E Y Q N X U V A Y X D V C A P N H
T D T U L B L X K Q C E Y V F I N N A N E
R W A W R Y Q D W P E Q X U G I J M R E N
O X G S A N I T G M G B G X W H N I S X T
P V E J C X G O H G F E M C R C U X V K Y
X K N T S J M R O J E K L Y F O D J R O R
E T H E L R A C I S H O R I Z O N T A L L
T B B O O W R B W M C G C D U T I J G F H
E B J W P A U Y K I N V E S T M E N T S E
N F I X E V I V K U N D T X H E V W D S P
U L U J S A S Y W S F I N F L C X H K Q D
S A S T U T P R I C E X Q U A N T I T Y D
H N V I P S P D R D X A O M F V U T L S E
Q I L H W H A S N O E F F E C T T O W W E
P M C A A Y T D U D A H M H G U O J L P B
W Q D M R A A Y S T S N X F H B P J X T L
U R A J D P O S I T I V E M Q O W B I K D
U A K T U V R T Y M T L P I L R X Y G E I
O Q L J A D S M T U J P G O J G R J Y F X

Clues

  • how do you calculate total revenue? (5, 1, 8)
  • I = (11)
  • total expenditure = (1, 1, 1, 1, 1, 1)
  • what happens if rent ceiling is set above the equilibrium price? (3, 2, 6)
  • what happens to the LRAC curve when constant returns to scale are present. (3, 4, 2, 10)
  • what happens to the LRAC when diseconomies of scale are present? (3, 4, 6, 6)
  • What is cross elasticity of demand with respect to the price of a complement? (8)
  • what is the cross elasticity of demand with respect to the price of a substitute? (8)
  • X = (3, 7)

Comments

Lindokuhle Tshongolo

Report

It is curve that shows the amount of goods that attainable at different employment levels and resources

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