Everyone must consume less today explain this seeming

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Q. When one person saves which person's wealth is increased, meaning which he or she can consume more in the future. But when everyone saves, everyone's income falls, meaning which everyone must consume less today. Explain this seeming contradiction

Q. A industry faces competitive markets both for its inputs also its o/ps. If its long-run provide curve is y = 3p, then it cannot have constant returns to scale.

Reference no: EM1344192

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