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discuss whether marginal utility is a realistic piece of economic analysis in explaining consumer demand
if australian governmrnt imposed a sales tax on petrol by $0.25, then the price of petrol will rise by 0.25. consumers can not get by without petrol, so they have to pay the whole
required urgent
Determine Optimal Price, Quantity and Economic Profit A firm has a demand function P = 200 – 5Q and cost function: AC=MC=10 and a potential entrant has a cost function: AC=MC
a more simple explanation of the group equilibrium in the short and long run
Explain the axioms of completeness, transitivity and non-satiation using appropriate examples.
If Kansas can formed either 400 tons of wheat or 100 tons of corn and Nebraska can formed 300 tons of corn or 200 tons of wheat then it makes sense for the two states to specialize
Before explaining returns to scale it will be instructive to make clear the distinction between change in the scale and changes in factor proportions. The difference between the ch
After I figure a table what do I do with it? I have no book and no study materials to answer my question
Meaning of absolute cost difference and comparative cost difference.
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