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a. Referring to the table below and using the "Rule of 70," comment on long-term changes in the standard of living in the United States? b. Would you rather live in the Unite
what is The most important source of oligopoly?
What is significance of methodological economics...
How do we evaluate the value of money? Supply and demand verifies the value of a currency. If demand is high, the value rises, and vice versa. Factors that affect supply and de
all the problems involved in measurement of profit
When the price of candy bars increased from $.45 to $.55 the quantity demanded changed from 21,000 per day to 19,000 per day. In this range the price elasticity of demand for cand
draw the total revenue curve and the total cost curve showing the profit maximizing level
what is the example of this law
suppose a firm''s total revenue depends on the amount produced (q) according to the function R= 70q-q2 total cost dependson q: C=q2+30q-q2
Establish relationship between production and cost for a firm operation in perfect competition market in case of i phone
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