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1. Explain how absolute advantage and comparative advantage differ? 2. Give an example in which a person has an absolute advantage in doing some thing but another pers
sir explain me about all things of microeconomics
What are the income and cross elasticities of demand? Why might they be useful? Explain.
Double Jeopardy A condition where an entrepreneur's main source of income and net worth depend on the entrepreneur's organization.
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edge worth model
could the village prepare 14 campsites and grow 350 pawpaws?explain your answer.
Draw a marginal utility cureve for a good that has a constant marginal utility
Point elasticity: It refers to measurement of elasticity on a point On a demand curve. Point elasticity helps in measuring elasticity where change in price and quantity is infinite
why value of marginal product is negatively sloped
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