Externalities, Microeconomics

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What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss

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Capital intensive operations, Where minimum efficient scale is very huge fo...

Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of

Monopolistic compitition, importance of monopolistc competition in Indian m...

importance of monopolistc competition in Indian market.

The budget line, The Budget Line The line BB gives the persons budget cons...

The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li

Revealed preference theory, discuss the revealed preference theory of consu...

discuss the revealed preference theory of consumer behaviour

Diminishing marginal returns, law of diminishing marginal returns does no...

law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?

Exchange rate policy - imf, Exchange Rate Policy: After the second ame...

Exchange Rate Policy: After the second amendment to the Articles of Agreement of IMF which came into effect on April 1, 1978, every member is free to choose its own exchange r

Equilibrium firms, how to find total revenue total cost approch in equilibr...

how to find total revenue total cost approch in equilibrium firms

What do you meant by the term economic efficiency, Problem: i) What do ...

Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different

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