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Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? Answer The term externalities refers to bot
On Valentine's Day, the price of roses increases by more than the price of greeting cards. Why? (Hint: Consider what makes roses and cards different and how that difference might
Private Returns Versus Social Returns As there is subsidisation of education by the state in all countries (and a little higher subsidisation in developing countries) it happe
waht are the characteristics of perfect competetion market
summary of general equilibrium
discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
1. Consider the consumption decisions of R.B. Turbo, a new student at Teachers College, Columbia University. Ms. Turbo has only available $1,000 in monthly income to spend on food
I can''t figure out how to graph the aggregate consumption function and the aggregate saving function
what is marginal cost
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