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What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
Consider the model of corruption explored by Shleifer and Vishni’s where there is one government-produced good X. There is a demand for that good described by the inverse demand eq
model of sylos labini
If coolest icecream parlor has been closing at 5pm with $120 of marginal revenue and $80 of marginal cost for the last hour open, what should coolest icecream do to maximize profit
different types of production funtion and curve given by different economist
to what extent does Marginal revenue productivity theory explain wage determination in Zimbabwe
Elasticity help
What is consumer surplus? What is its significance and what causes it to change?
Why is the goal of stability and security important to many people? What problems typically emerge during periods of instability? The instability over the business cycle can b
for the total product curve why is it when you reach at maximum adding more input leads to decline in output?
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