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would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Long run equilibrium - Perfect competition: In the long-run, on the other hand, the firm in perfect competition is making normal profit or zero economic profit as shown in Fig
The Nature of Policy-Making : It follows that recommending policy must itself be a subjective exercise. The effects of particular-policies at a particular historical juncture
Foreign investment: To attract foreign investment – Developing Plans are used as a means of attracting foreign investment or foreign aid.Foreign government and international o
How to solve economics assignment help?
describe scitovosky''s double criterion
Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages pai
Tariff: A tariff is a tax imposed on the purchase of imports. It is generally imposed in order to stimulate more domestic production of the product in question (rather than meeting
Why is the goal of stability and security important to many people? What problems typically emerge during periods of instability? The instability over the business cycle can b
What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss
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