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What are the basic questions to be answered by economic institution? Four fundamental questions should be answered by any economic institution as: a. What goods and services
I don''t understand PPC at all
keynsian cross model
Dynamic Changes in Costs: The Learning Curve * The learning curve measures impact of worker's experience on costs of production. * It describes relationship between a firm
Suppose we divide Canada into three regions; the west, the centre and the each
What is the marginal opportunity producing the first unit of paper? The marginal opportunity cost of producing the forth unit of paper?
detail of consumer surplus with examples
Market supply and Increase in supply: Market supply is the total quantity of a product that all firms in an industry are willing to offer for sale at a given market price an
Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele
project work
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