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Two firms produce a pollutant called Q. The total costs of reducing emissions of Q are as follows for Firm 1 and Firm 2, respectively: TC1=10+100Q12 TC2=20 + 50Q22. This means tha
International trade: International trade refers to the exchange of goods and services between countries. Goods sold to other countries are referred to as exports and goods bou
Determine the value of the marginal product of labor. Equilibrium in the Labor Market Each firm will hire labor up to the point at that the value of the marginal product of
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if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
how to calculate out put and price
What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
How does an increase in the size of a future payment affect the present value of a future payment
The End of the Malthusian Age We clearly no longer live in a Malthusian age. For at least 200 years improvements in the efficiency of labor made possible by new technologies a
in the keynesian model, the price is assumed to be what?
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