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advantages and disadvantages
What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic
Inflation is not possible under the gold standard.” Is this statement true, false, or uncertain? Explain your answer.
INFO: Suppose that a firm is currently employing 20 workers,(the only variable input), at a wage rate of $60. The average product of labor is $30, the last worker added 12 units to
With the aid of a diagram explain the long run average cost curve and the influences upon it.
Problem 1: i) Differentiate between the short and the long run. ii) How is production characterised the short run? Explain the fully using numerical and diagrammatic illustr
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
You just opened a flower shop and are trying to understand pricing issues. You were told that elasticities are very important in determining prices and what products to supply, so
ref article :http://www.economist.com/news/finance-and-economics/21587795-if-congress-fails-lift-limit-americas-debts-consequences-are a.assume that the debt ceiling crisis
ADVANTAGES AND DIS ADVANTAGES OF MONOPSONY
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