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how does compensated demand curve help managers?
The circular flow diagram is used to represent the interdependence that exists between sectors of the economy. The diagram illustrates that there are various collections of same e
What is significance of methodological economics...
indifference curve for the demand for big macs
How has the haberler''s theory of opportunity cost been an improvement over the classical theory of trade
Estimating and Predicting Cost * Estimates of future costs can be obtained from a cost function, which relates cost of production to level of output and other variables which t
1. The marginal benefit (demand) curve for pollution for an industry is P=100-4*Q, where Q is emissions in tons. The current emissions tax (price) for pollution is $40/ton. Regu
meaning of economics laws
Institutionalist Economics: A school of heterodox economicsthat emphasizes importance of institutional development and evolution (as opposed to ‘pure' market forces) in explaining
Solve equation P=200-Qs and Qs=4.5p +5
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