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Allocative Efficiency The production of products and services such that stages of production are closely tied to levels of customer demand.
reason for kinked demand curve
plot the demand schedule and draw the demand curve for the data given for marijuana in the case above
Productivity:Generally, productivity measures efficiency or effectiveness of productive effort. Productivity can be measured in several different ways. Physical productivity measur
a) An enhances in the quantity demanded of a good can happen because consumers expect the price of that good to enhance in the near future. b) A price ceiling imposed above the
marginal utility is applied on money or not
Instructions to Students 1. Answer all the questions, using economic models where appropriate. Begin a question on a new page. 2. Please attach a copy of the assignment cove
Q. Explain about Capacity Utilization? Capacity Utilization: A company or economy's capacity represents maximum amount of output it can produce. Rate of capacity utilization, h
#question.describing risk,preference towards risk, the demand for risky assest.
difference between the cardinal analysis theory and ordinal theory
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