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When should a firm shut down production in the short run?
A tax imposed on a market with an inelastic demand and an elastic supply will cause
discuss scarcity,choice and opportunity cost
1. What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities? 2. What are
what is Microeconomics?
Question 1: (a) Describe the different forms that foreign aid may take. (b) Does foreign aid lead to economic growth? Discuss. Question 2: (a) Distinguish between ec
A firms total cost function is TC=0.0006*X^3-0.086*X^2+4.8*X+25 and its total revenue function is TR=2.5*X find its profit function
explain the marginal produtivity theory
explain nature of microeconomic
ed=1 means p
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