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a) Explain the perverse incentive.
b) What makes the incentive perverse?
c) How could the incentive makers better the incentive?
how a firm will choose its optimal inputs, isocosts and isoquants explanation
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CASE STUDY IN RELATION WITH TOTAL REVENUE,AVERAGE REVENUE AND MARGINAL REVENUE
What happens to the market for cchicken wings if the price of beer increases?
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discuss the term of price mechanism,give examples to elaborate the concept clearly
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