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It is clear that monopsony in the labor market is not steady with allocative efficiency and has the effect of withholding significant amounts the employees' MRP from them, that becomes profits, advertising, charitable expenditures, or payments to other factors that did not earn those payments. It is clear that like as reallocations are inconsistent with both equity and efficiency and have been the focus of numerous public policies attempting to thwart like misallocations based purely on market power.
MRP systems - basic inputs It has been estimated that in the USA where MRP was originated and developed by Oliver Wight and George Plossl (1985), virtually all Fortune 500 ma
Measuring the Economic Value of Education A review of research works regarding the economic value of education shows that it developed in four different directions. They a
#questioIn many metropolitan areas of the country, local governments often impose rent controls on apartments. The justification for doing so is that the current market rent is con
Duality Theorems: The relationship between the direct and indirect utility functions may be described by a set of duality theorems. The following illustrative theorems are pro
How have falling commodity prices affected many developing countries? Definition of commodities; raw material like copper, iron and bauxite; and agricultural goods like rice an
Solve equation P=200-Qs and Qs=4.5p +5
a more simple explanation of the group equilibrium in the short and long run
I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus
what are the properties of cost function
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
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