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Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia.
Discuss the determinants of price elasticity of demand
the table shows gasoline rates in US
• Budget constraint, budget line, budget set, Budget constraint is a very important concept in economics and is utilized even in advanced economic theory. Let the competent tutors
Laws of returns to scale alludes to the long-run analysis of the laws of production. In the long run, output can be increased by varying all factors. So in this section we study th
Determinants of the money supply Two extreme situations are imaginable. In the first situation, the money supply can be determined at exactly the amount decided on by the Cen
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above.
if Q=120-2p is the equation for demand curve, find the compounding total, marginal and average revenue function
The International Monetary Fund The International Monetary Fund is a kind of an embryo World Central Bank. Its objectives are: i. To work towards the full convertibilit
what is equi marginal concepts?
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