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Demand Curve The demand curve is a graph which presents the amount of a good that consumers are willing and able to buy at various prices. A normal demand curve is downward slo
marginal conditions of pareto efficeincy
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
What is the classical model's explanation for involuntary unemployment? According to the classical model, involuntary unemployment only increases when there is something impedi
Explain how foreign aid might help in the development process of a developing country. Definition/outline of various forms of aid, i.e. donor aid, tied aid, bilateral aid etc.
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
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
Average Product (AP) of a Factor: The productivity of a factor is often seen in terms of its average contribution. Although not very important in the theoretical discussions,
why sellers and producers keep pricess lower
what is the theory of Second best? Prove the theorem with the help of a diagram.
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