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Business sell to households in the resource markets, but households sell to businesses in the product market
How does a per unit tax affect consumer surplus.
Ask qdescribe average and marginal revenue under imperfect competitionuestion
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Types of budget: Surplus Budget: A surplus budget occurs when the expected government revenue is planned to exceed the proposed government expenditure. It can be achieved by
• If Mary uses all her resources to produce hats, she can produce 48 hats an hour. • If she uses all her resources to produce apple pies, she can make 24 apple pies an hour. how
Trade union can also pay a useful role in improving the wages of the workers without causing adverse effects on employment. This case which is intensely associated with the idea of
what are the properties of cob-douglas production function
• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed propor
maximum profits will occur at the output level
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