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Solve equation P=200-Qs and Qs=4.5p +5
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
The government has undertaken a highway bridge project that was originally projected to cost $2 million and provide benefits of $2.5 million. Unfortunately, the costs have been mu
Where the equation of isoquent drived from?
Supply of a commodity is functionally related to its price. The law of supply rated to this function relationship between price of a commodity and its supply. In contrast to the in
is south african economic system more allocative efficient?
in the context of managerial economics how do you explain a rational producer.illustrate giving example.
discuss whether marginal utility is a realistic piece of economic analysis in explaining consumer demand
The End of the Productivity Slowdown As computers improved and spread throughout the U.S. economy in 1970's and 1980's economists kept waiting to see the wonders of computing
1. Suppose that Mr. John has the following Cobb-Douglas utility function U = 6X^2/3y^1/3 the market price of X and Y commodity are $1 and $2, respe
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