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What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?
Price/Earnings (P/E) Ratio This is a measure of an organization investment potential. Literally, a P/E ratio is how much a share is worth per dollar of earnings. The price-earn
On what kind of income is our taxing system based?
explain how scarcity impacts choice 2.expain the three steps process in economic analysis
discuss the revealed preference theory of consumer behaviour
what happens when price is fix and there is a change of the supply and demand curve
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
economic analysis of demand on retailer in ustralia
Long Run Average Cost (or LAC) -Constant Returns to Scale If the input is doubled, the output will double and average cost is constant at all the levels of output.
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