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ECO100 Economics for Business - 2026 Semester 1
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A fall in CPI with rising UE and falling Y indicates:
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IED=+2.4 for LV handbags implies:
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PC firm is a:
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If wage rises, SR cost curves (AVC, ATC, MC):
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A cartel is unstable because each member has incentive to:
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At the Q where MC=ATC, ATC is:
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Income +20%, Qx +5%. IED=:
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UE rate with UE=0.7m, LF=9.7m:
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P1=$10, P2=$9, Q1=2, Q2=3. Using midpoint, |PED| is:
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Economies of scale refer to:
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