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would a rational producer be concerned with the average or marginal product of an input in dec
Explain the meaning of the statment "coffee and tea are close substitutes".
Measures used to restrict International Trade: These are taxes imposed on traded commodities as they cross national boarders. These are two main types of tariffs. An import ta
how do you calculate opportunity cost
#quesExamine the expenditure trends over the last 40 years. What are the direction and magnitude of changes in spending in and between these various categories (with the exception
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criticisms of monopolistic competition
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# define output#
Elasticity- a) The price of good X goes up by 2.75%, the quantity demanded of good Y goes from 10,500 units to 25,000. What is the Exy? What does that number mean? What is th
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