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If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
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Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages pai
how to calculate the volume of exports? or what is the definition?
note for assignment
A competitive firm produces output using three fixed factors and one variable factor. The firm’s short-run production function is q = 154x – 5x2, where x is the amount of variable
Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#
the full detailed of market structure their characteristic ,sources with clear explanation
central problems of capitalist economy
a) Joan's utility function can roughly be estimated as : U = 60Q 1 3/4 Q 2 2/3 She chooses from two composite commodities Q 1 and Q 2 whose prices per unit are kshs 20
Reasons for International Trade?
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