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when average product is decreasing, marginal product is?
Implicit in these analyses is the fact that without government we could have neither shortage nor surplus. In large calculates, the suspicion of government is due to it has the po
explain and illustrate the changing demand for big mac using indefference curve and budget line
ELEMENTARY THEORY OF PRICE FORMATION: DEMAND-SUPPLY ANALYSIS: We discuss the elementary theory of price formation. Demand curve in the market is derived from the aggregate con
The idea for the national accounts came during the 1930s depression in the U.S., when decision-makers wanted to get a better sense of by how much economic production had fallen. Si
explain the nature and scope of economics.
could a nations production possibilities curve ever shift inward
Q. Explain Nominal GDP? Nominal GDP: Nominal gross domestic product measures total value of all the services and goods produced and traded for money in the formal economy, eval
types of elasticity of demand
when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.
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