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if the price of labour is 2000 per hour and the price of capital is 1000 per hour.is there an efficiency point of production.
The table shows the demand schedule of Taylor Swift’s concert ticket. Draw the demand curve for her concert ticket
Types of unemployment: Frictional Unemployment: -It refers to unemployment caused by changes in individual labour markets.This is the type of unemployment resulting from peop
Determine the Returns to Scale Use the following production function and budget constraint to answer the questions below. Q = L + K 1000 = 2L +
Are markets the best way of solving the basic economic problem? Justify your answer. The core of the economic problem ( who, what, for whom) is something all societies must add
In 1939 the U.S. economy was operating where in the production possibility curve?
Do not submit more than 1 file in the Canvas submission link. A few years ago peanut farmers in India experienced a super-bumper crop due to favorable weather conditions. Initially
Q. Define government surplus? Surplus, Government:It's a government surplus exists when a government's tax revenues surpasses its total spending (including both program spendin
JOINT DEMAND AND COMPETITIVE
What is the difference between wages and salaries
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