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How has the Harberler''s theory of opportunity cost an improvment over the classical theory of trade?
Define the production terminology in short. Production Technology: Production is the procedure of transforming inputs to outputs. Characteristically, inputs consist of labor
1. "Price discrimination allows a monopoly to increase its economic profit by capturing part of the consumer surplus and turning it into economic profit. Such a situation however l
How to determine the number of moles of butane by your number of moles of butane? using (PV=nRT)
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
Explain the link between the rate of interest and inflation. Interest can be explained as the price of money - more expensive money will lead to few loans, higher saving and as
Define
what is a sub game perfect Nash equilibrium
explain normal profits
Hotel rooms go for $100/room and sell 1000/day; if taxed at $10/room and rate goes to $108 and 900 rooms are sold, what''s the tax revenue and dead weight loss?
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