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Explain the difference between elastic and fixed supply
If producers expect future prices to enhance, current supply will decline in favor of selling inventories at higher prices later. In other words, supply will reduce (a shift to th
Explain the term Fordism Between approximately 1890 and 1930-or perhaps 1890 and 1950-a host of innovative technologies and business practices were adopted in the US. Europeans
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
what are the properties of marshallian demand function
explain about integrability problem
1. An investment in flood control infrastructure today will generate $1,000,000 in benefits 10 years from today. Using a 3% discount rate what is the present value of these benefi
opportunity cost
what is Scitovsky Contour ?
Reducing Risk Three methods consumers attempt to reduce the risk are: 1) Diversification 2) Insurance 3) Collecting more information
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