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We consider two regions A and B. Each market has the same size (i.e. number of consumers) but differs in the willingness to pay for one unit of the good proposed by the firm. On ma
Price Level:Overall average level of nominal prices in the economy can be calculated, most often as a weighted average of the prices of individualservices and goods (with weighting
why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?
discuss the central economic problem facing survivor group
what is the theory of second best? prove the theorem with the help of a diagram.
For the purposes of economic analysis, a normal profit contains the cost of the lost opportunity of the next best option allocation of the firms resources. In a purely competitive
How to find quantity supplied given just the price
could a nations production possibilities curve ever shift inward
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Q. What do you meant by Progressive Tax? Progressive Tax:Tax is considered progressive if a larger proportionate share of its total burden falls on individual'swith higher avera
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