Essay type of questions., economics, Microeconomics

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Normal and abnormal profits., the diagram used to illustrate of abnormal an...

the diagram used to illustrate of abnormal and normal profits

Market demand curve, How to graph the market demand on tobacco taxing in ca...

How to graph the market demand on tobacco taxing in california

How does a firm maximize their total revenue, The definition of a price mak...

The definition of a price maker is states as “firm with some power to set the price bcoz the demand curve for its output slopes downward”, that in effect, mean those firms with a d

Price change, 1.  Seller has ample time to adjust to price change. 2.  B...

1.  Seller has ample time to adjust to price change. 2.  Buyer's response to small price change is significant. 3.  Buyers are faced with many options when deciding to make a

Indifference curve, application of indifference curve analysis to the probl...

application of indifference curve analysis to the problem of exchange

Cost sharing in higher education - student loans, Cost Sharing in Higher Ed...

Cost Sharing in Higher Education - Student Loans The method is popular as it directly targets only those who are the recipients of the benefits of higher education.The method

Consumer surplus, detail of consumer surplus with examples

detail of consumer surplus with examples

Why might an oligopoly be reluctant to change its price, Why might an oligo...

Why might an oligopoly be reluctant to change its price? When some large firms have high total market share and are non-collusive, there is a strong element of interdependency.

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