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Q. Market Income and Socialism?
Market Income: A household's total pre-tax income obtained from its activities in formal economy, including salaries andwages, investment income and small business profits. Excludes government transfer payments.
Market Socialism: A form of socialism inwhich productive companies are owned through non-profit forms or public, but relate to each other by markets and competition (with little or no central planning).
A monopolist faces the following demand function for its product: Q = 45 - 5P The fixed costs of the monopolist are $12 and the variable costs are $5 per unit. a) What are the
What is studying platform? Explain this term in brief. Studying Platform: A studying platform into modern economics comprises some basic economic principles or theories. Thi
Q. What is Gini Coefficient? Gini Coefficient: A statistical measure of inequality. A Gini score of 0 signifies perfect equality (in which each individual receives the same inc
What does Keynesian consumption function say about tax cuts
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
(i). A firm's costs are 500 when output is 100. If the TC function is linear and fixed cost (FC) are 200, find the marginal cost when Q = 4, 5 and 6. (ii). The following are est
what is break even quantity
formula of range
Average product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable facto
Manners of reaching to someone's place with a present of anything like flowers, chocolates, etc. In U.S., it's not feel good to give flowers to women by men. If a man giving some g
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