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price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
Define the adoption of economic institutional arrangement in analytical frameworks. Adoption of Economic Institutional Arrangement: The third step for studying an economi
what is linear programming
What should be the decent/appropriate growth rate in any country? Answer: A growth rate of among 2-3% is considered normal for mature developed countries; for LICs, 5-7% is
Shifting the PPF Curve To raise the manufacturing of one good without reducing the production of the other, the PPF curve should shift outward. The PPF curve shifts outward as
opportunity cost
The raspberry growing industry is a perfectly competitive industry. The firms in the industry have a U-shaped LAC, minimum average cost is $8 and the minimum efficient scale is 4 u
In the case of a tax abolition on food staples, what are the short run and long run effects?
Modem theories of trade
how can a price ceiling make consumers better-off? under what conditions might it make them worse off?
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