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A city government regulates taxi fares. It also limits the number of taxicabs (by licensing), and has not changed the limit on cabs for lot of years. At one time vacant taxis wer
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
relationship between tfc , tvc , tc
to what extent are interest rates determined by the economic theory
Which of these will be included in US GDP for 2005? a) A car produced in Japan in 2005 and sold in the US in 2005 b) A car produced in the US in 2004 and sold in Japan in 2005 c) A
short run equilibrium of the industry
explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative
The Effects of Advertising on the Demand Curve: Advertising targets to: • Change the slope of the demand curve which means make it more inelastic. This is done by generat
what is marginal cost
1. What is the relationship between a firm's total revenue, profit and total cost? Give an example of hypothetical data and draw the curves. 2. Define economies of scale and e
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