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If the MU of the 1st unit consumed = 75 utils, and the TU of consuming 2 units is 130 utils, what is the marginal utility of the second unit?
Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.
criticism of cournot model
Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes.
What is the Molarity and Normality of the ferrous ammonium salt ? For exam....196 gm (initial)
Question (a) Describe clearly the three concepts of elasticity of demand. Use appropriate examples and diagrams to support your answer. (b) Consider you have been appointed
#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
Insurance - Risk averse are willing to pay to keep away from risk. - If cost of insurance equals expected loss, risk averse people will buy sufficient insurance to totally r
You are interested in the outcomes of the children in your workload in general functioning and school performance, and whether they are related. As a result you decide to collect s
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