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    additional external cost

    additional costs incurred by third parties outside the production process when a unit of output is produced

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Questions & Answers

EP= 0 is Perfectly inelastic
mcmillan Reply
interpret EP=0. what is EP and how can I calculate it
Donalro Reply
with reference to specific example explain,and illustrate how an increase in the demand of palm oil will affect the price and quantity supply of palm kernel
Annick Reply
interpret EP=0
Donalro
What are the principal of economics?
Coulibaly Reply
interpret EP=0
Donalro
how did microeconomics
Oladeji Reply
Consider the market for 'solar panels on the roofs of domestic houses. Assume tha market is initially in equilibrium. Using the demand and supply framework explain what would happen in the market for solar panels if the price of electricity (supplied via the electricity network) was to increase.
yunus
n
Damah
def of demand
Waseem
using the graph illustrate all the types of elascity
Umar Reply
ha
Nathaniel
.
Anjali
what is demand elasticity
liyah
what is the types of elasticity
Iqra
distinguish between increase in demand curve and extenaion in demamd curve
Farhan Reply
what are the shapes of an indifference curve?
Ovensi Reply
division of labour is simply the breaking of job functions so that each individual is engage to one set or the other for easy delivery
EMMANUEL Reply
Division of labor is the break down of labor into smaller units with each handed over to a particular person or group of people.
Amanor
What is division of labor
peter Reply
it is also simply the breaking down of work into various part so that each individual is entitle to one for easy delivery
EMMANUEL
it is the simplifying of tasks into smaller easily workable divisions where each person specialises on what they understand better
cabs
ok
EMMANUEL
thanks for your briefing and time
EMMANUEL
what are the sources of monopoly power?
Winnerman Reply
the first source, are informations
amine
political power and influence in monetary institutions
Shahul
what is imperfect competition ?
SHAH Reply
the situation in which elements of monopoly ( R&D, EOS and stability of prices etc.) allow individual producers or consumers to exercise some control over market prices
Ghulam
how to find shut down
Sowmya Reply
where p is less than avc
Koushik
s
Shahul
which is the best public finance economics text book?
Shahul
hello
shafiullah
hello
Shahul
Yes hi
Pov
....
SHAH
what are the alternatives various of economic system
olaleye Reply
what is microeconomics
Ayedun
Micro-economics refers to the branch of economics which deals with smaller unit or element of the economy.
Amadu
or Is the study of individual economic unit in a economy..
Neriel
micro economis is the studay of how Households and firms make decision and they interecr it.
mahad
what is financial intermediaries?
Imran Reply
financial intermediaries are those who are link between borrowers and lenders for.eg bank... Bank is a financial intermediary
Ajit
tnx a lot of u
Imran
most welcome
Ajit
why do you here ? why do you want to learn economics
Ajit
والله العظيم انا ماعاوز اتعلمها
انا باخدها غصب عني في الكليه حضرتك
لس كدااا
I am student of ecnomics ,
Imran
Imran
Abdi
yes Abdi temam
Imran
am good too see you
Abdi
tnx why not
Imran
b/c im student
Abdi
great, now I am sleeping see u nex time ok
Imran
ok
Abdi
OK
Ajit

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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