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What currency was used in the 1700s?
Ans) this is depends on the country. Most currencies, though, were based on gold and silver.
In America, in the 13 colonies, tobacco was mostly used as a type of currency.
What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic
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Explain the meaning of the statement "coffee and tea are close substitutes".
Using tools of indifference curve, highlight on consumption in business economics.
Illustrate and explain the changing demand for big mac using the indifference curve and budget line.
Q=8000-800P
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