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What is the marginal opportunity producing the first unit of paper? The marginal opportunity cost of producing the forth unit of paper?
The definition of a price maker is a "firm with some power to set the price because the demand curve for its output slopes downward", which in effect, means those firms with a down
Explain how automatic (fiscal) stabilisers may help to lower fluctuations in the business cycle. Definition of automatic stabilisers as built-in to the system in terms of trans
What is the difference between MRTS & MRS?
For the pizza seller whose marginal, average variable, and average total cost curves are shown in the following diagram, what is the profit-maximizing level of output and how much
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
difference between the cardinal analysis theory and ordinal theory
How might a country exchange rate influence the balance of payments? Definition of the exchange rate; price of domestic currency in another (basket of) currency (currencies). C
f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)
What is use of analytical tools in the modern economics? Analytical Tools: Modern economics also gives different powerful analytical tools which are usually specified by geo
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