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maximum profits will occur at the output level
Prove the theory of second best with the help of a diagram
pest
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
Why elasticity is important for economic analysis? Elasticity is a significant concept in understanding the incidence of indirect taxation, marginal concepts as they relate to
what is free market?
Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the
explain how microeconomic and macroeconomic issues may be represented using the production possibility curve
Look at a recent copy of a newspaper . a. What is the top economic news story? With which of the big questions does it deal? (It must deal with at least one of them and might d
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