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Instructions:•Showthe steps of your work (some will have very few steps, but show or explainthem) or provide an explanation where needed.•If quoting someone else, then just indicate that you are doing so (especially ifthe quote is coming from material provided). Plagarism is a serious conc ...

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Part A: Micro-Economics:1-    Economies of Scale: When a company or a business achieves more efficiency and output with decreased input, its marginal costs in terms of production decreases, thus business is said to have achieved the economies of scale. For Example, discount on bulk pu ...

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QUESTION 1Together with the use of supply-and-demand diagrams, explain the effect of the following events on the market for woollen jumpers in Australia.  (Assume ceteris paribus for each of the event).(a)    The price of leather jackets falls (b)    Hugh Jackman, ...

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