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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?
write about the origin of sylos labini''s limit pricing model
THEORY OF CONSUMER SURPLUS: We discuss the basic concept of consumer surplus and its derivation. A consumer normally pays less for a commodity than the maximum amount that she
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
A firm in a perfectly competitive product market takes the price of the product as given. Similarly, a firm in a perfectly competitive factor market takes the price of the factor
explain budget line?
how to solve min (x+y/2, 2y+3x, 3x)
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
what are the charecteristics of capita
if sabela can afford 4 trousers and 4 pairs of shoes.she could also use her entire budget to buy 8 trousers and 2 pairs of shoes.if the price of a trouser is 500 birr,how much is s
indiffference curve
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