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would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Determinants of quantity supplied of a good The quantity of supplied of a product is influenced by factors such as the market price of the commodity, prices of inputs, techno
when does market equilibrium occur?
Graph the following example and answer the questions: The United States and Japan only produce two goods. They have the same fixed resources and they are equally efficient, and bo
what are the weaknes of consumer behaviour
what does it mean by a normal good ?
describe returns to scale and give examples of each.
write about the origin of sylos labini''s limit pricing model
Case Study - EUROPE Let us now see how events unfolded over the decades in Europe that led to monetary unification in terms of a single currency and single central bank. At
Demand Curve The demand curve is a graph which presents the amount of a good that consumers are willing and able to buy at various prices. A normal demand curve is downward slo
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