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Explain how oligopolies can work both for and against consumers. Oligopolies market power can of course work against consumers - as price-setting and any form of collusion will
Time is a significant determinant of price elasticity. If a price changes, it might take consumers a certain amount of time to discover alternative lifestyles or commodities to ac
Suppose you have 10 individuals with values {$1, $2, $3, $4, $5, $6, $7, $8, $9, $10}. Your marginal cost of production is $2.50. What is the profit-maximizing price? Using this
Slutsky Theorem - Mathematical Presentation: We already know from the first order conditions of utility Maximisation that, where D ij is the co-factor of the ith ro
Employee Communication More widely called internal communications, employee communication is must in retaining a happy and productive workforce. Internal communications to e
discus how opportunity cost influence supplier''s decision to supply labour
Business sell to households in the resource markets, but households sell to businesses in the product market
On what kind of income is our taxing system based?
in the context of managerial economics how do you explain a rational producer.illustrate giving example.
Find the highest interest rate: There are 2 entrepreneurs, Sally and Paul. The return to their projects are given by: To finance the project, each entrepreneur needs
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