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Purchasing Power Parity (PPP): The exchange rate is determined by the relative purchasing power of currency withineach country. For example, if a product X costs Rs. 100 in I
Gains from International Trade: It leads to increased total world production of goods and services. International trade based on comparative cost advantage allows countries to
When somebody wearing muddy shoes rides a public bus, he imposes a negative externality on other riders (passengers get some mud rubbed off on them, and the shoes look ugly). If a
what is theory of product pricing?
How did fixed exchange rates and the Golden Standard affect the U.S. economy as well as other countries.
How to I calculate the break-even point per unit in dollar amount and then determine whether there will be a profit or loss? Such as if the fixed costs were $75000. The variable co
The following represents the potential outcomes of your first salary negotiation after graduation: Assuming this is a sequential move game with the employer moving first, indicate
what is the relevance of microeconomic analysis in contemporary Nigerian economy
explain graphically Equilibrium of a multi product firm
Jane receives utility from days spent travelling on vacation domestically(D) and days
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