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#question.using a well illustrated diagram, explain the concept of producers equilibrium .
1. The marginal benefit (demand) curve for pollution for an industry is P=100-4*Q, where Q is emissions in tons. The current emissions tax (price) for pollution is $40/ton. Regu
characteristics of microeconomics
what is cardinal utility. Please give an example
It is important to understand the important characteristics of monopolistic competition. The knowledge of these features will enable the students to know how this form of market st
Xd(Px)=5000-100Px
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
Distinguish between interventionist and market-led strategies of development. Explanation of interventionist strategy; heavy government involvement in the planning of output, p
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Marginal Product (MP) of a Factor: From the above mentioned production function, immediately we can study the effect on total output when there is a variation in labour utlili
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