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I need some help to answer a discussion topic question about Potential Pareto Improvement, based on an article
Change in the population of consumers: Population changes may affect the demand for a commodity.Areas of high population may demand more of certain commodities than areas of low
Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand
Austrian economics is a brand of neo-classical economics that was established in Vienna during the late 19th century & first half of the 20th century. Austrian economics was strong
what is the differences between utility theory, indifference theory and revealed preference theory
Effect of Gasoline Tax with Rebate Assume -Income = $9,000 - Price of gasoline = $1
A Competitive Short Run Supply Curve of Firm * Observations: - P = MR - MR = MC - P = MC * Supply is amount of output for every possible price. Thus: - If
Demand Function The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product
what is aridge line and significance in economics.
why we study micro econmics?
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