Illustrate what are the arguments for using real per capita

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Q. Illustrate what are the arguments for using real per capita GNI to compare living standards between countries? Illustrate what weakness does this measure have?

Q. In an industry equilibrium in which the firms achieve consumer surplus parity, by what dollar amount will the profit margin, P - C, of the firm that creates the greatest amount of value exceed the profit margin of the firm that creates the smaller amount of value?

Reference no: EM1356872

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