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Draw an indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure, this is different.)
Solve equation P=200-Qs and Qs=4.5p +5
Using the key distinguishing features of any market structure describe the market structure for the South African mobile telecommunications industry
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
technological advance reduced the cost of computer chips . explain using the demand and supply diagrams , how the the following markkets are affected in terms of price and quantiti
three marginal conditions of pareto optimality
Healthcare Reform is currently in the news almost every day. The current approach proposes a government sponsored health insurance “market” to help control costs and make healthcar
Market equilibrium happens where supply equals demand (supply curve intersects demand curve). An equilibrium implies that there is no force that will cause further changes in pri
Ask question how do I find the Price
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
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