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why does the quantity of education change in the private universities much more responsive than salt as to changes in price?
If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
conditions for an abnormal supply curve
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
Consider a television manufacturer based in Korea. It produces TVs in Korea at a total cost of Y 2 + 2 Y where Y is the number of televisions they produce in Korea. It can als
In an industry with two firms, represent the outputs for these single product firms as q 1 and q 2 . The two firms decide to form a cartel and set their levels of output to maxim
If the short run method to produce Q quantity is with full time workers L=0.025*Q, COST OF WORKER IN THE SHORT RUN IS w=20226.154, how do you derive the value of Q
EXCEPTIONAL SUPPLY
Gross Domestic Product, Deflator: A price index that adjusts the overall value of GDP according to average increase in the prices of all output. GDP deflator equals the ratio of no
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