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The Industry's Long Run Supply Curve
* The Effects of Tax
- Earlier we studied how firms respond to taxes on an input.
- Now, we will consider how firm responds to tax on its output Effect of Output Tax on Competitive Firm's Output
Effect of an Output Tax on Industry Output
what is discounting principle?
Axioms: It is possible to construct a utility index which can be used to predict choice in uncertain situations if the consumer conforms to the following five axioms: • A
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economic problems are faced by all types of economies but they are dealt with differently in different types of economies.discuss
Labour Supply:Total number of workers available and willing to work in a paid position; generally measured by the labour force(even though the labour force usually excludes many wo
Micro economics is the study of individual unit of an economy
Costs of Education The resources employed to produce a good or service measured in monetary terms is known as the ‘cost of the product’. If the measurement is per unit of serv
model of sylos labini
Briefly discuss the components of macroeconomics system with suitable explanation
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
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