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Purchasing Power Parity (PPP): The exchange rate is determined by the relative purchasing power of currency withineach country. For example, if a product X costs Rs. 100 in I
explain abnormal profits and normal profits
Questions (i) You are an industry analyst. Last year, the production cost of Microprocessor increased remarkably due to labor unionization. Nevertheless, the industry experie
a) Explain the perverse incentive. b) What makes the incentive perverse? c) How could the incentive makers better the incentive?
For the pizza seller whose marginal, average variable, and average total cost curves are shown in the graph below, what is the profit-maximizing level of output and how much profit
state 3 major assumptions which a production posibility is based
1. Consider the consumption decisions of R.B. Turbo, a new student at Teachers College, Columbia University. Ms. Turbo has only available $1,000 in monthly income to spend on food
what is the significance of the Loucas critique in political economy?
what is pooling equilibrium
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
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