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How might governments use buffer stocks to stabilise prices? Explain/outline a buffer stock scheme in brief as a method for government (in this case) to warehouse (stock) goods
Xd(Px)=5000-100Px
Recent developments in demand theory
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
Why were there not any sustained increases in material productivity of human labor back before 1500? Since improved technology quickly ran aground on resource scarcity. As huma
explain how a perfact market responds to changes in consumer demand?
In 1939 the U.S. economy was operating where in the production possibility curve?
cartels model of collusive oligopoly
can average labor productivity fall even though total output is rising
How does the indifference curve and budget line for a neutral good look like?
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