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WHAT IS PPC
If there is an industry and some of the companies get shut down, how would you graph the short run and long run effects
Negative profit FC + VC > R(q) MR > MC Indicates higher profit at the higher output - Question: Why is profit negative when the output is zero? - Outp
Rework figure 1 assuming a closed economy
Closesubstitute goods: The number of closesubstitute goods The more substitutes of good has and the more close the substitutes are, the more elastic the demand for the good. Fo
about opean market economy
excess reserve make a bank less vulnerable to runs.why
Working Capital: A business requires a certain revolving fund of finance to pay for regular purchases of initial labour, raw materials and other inputs to production. Working capit
the basic circular flow model suggests that...
Production possibility frontier PPF is a combination of two or more goods a which a country can make in a given timeline or period with resource fully employed.
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