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1. Explain how absolute advantage and comparative advantage differ? 2. Give an example in which a person has an absolute advantage in doing some thing but another pers
sylos labini model of limit price
I would tend to think that a 5% per year goal is more reasonable. Smaller incremental goals always appear to be more attainable, while more radical goals may actually be more diffi
1. Suppose the banking system has reserve of $750000, demand deposits of $2500000 and a reserve requirement of 20%. a. if the fed now purchases $125,000 worth of govt bonds from t
1. Implicit and explicit revenues minus implicit and explicit costs equals: A. accounting profit. B. economic profit. C. zero profit. D. implicit profit. 2. A business owner mak
TC = Q3 – 8Q2 + 68Q + 4, get the median and mode
example of marginal opportunity cost
What is Economic Depreciation?
consumer=m with the help of indifference curve analyis
explain and illustrate the changing demand for big mac using indefference curve and budget line
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