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Why firm charges different prices to different consumer? Every firm needs to maximize its profit. When goods are sold to different customers, each customer negotiate price of
Problem : (a) Describe the law of demand and the factors affecting demand. (b) llustrate and Explain how demand of a commodity will change if there is a tax on that product
WHAT ARE ROLE AND ASUMPTIONS OF ECONOMIC THEORIES
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?
current rate of gdp
I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus
Graph the following example and answer the questions: The United States and Japan only produce two goods. They have the same fixed resources and they are equally efficient, and bo
Marvelous Marvin spends his money on muffins (m) and a composite good (c) (whose price you may assume is $1 throughout this problem). Marvin's utility is U = m + c and his income (
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