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Ask questiowhat are the importance of the branches of economics
Allocative Efficiency The production of products and services such that stages of production are closely tied to levels of customer demand.
What are the chemical properties of silicon?
meaning of economics laws
Two people are engaged in a joint project. If each person i puts in the effort xi, the outcome of the project is worth f(x1, x2). Each person’s effort level xi is a number between
Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of
define for whom to produce
What are markets types of markets
Figure 3.7 in the above textbook. Using the figure in guide, determine the approximate size of the market surplus or shortage that would exist at a glance of a) $40 b) $20
Perfect competition has the following characteristics: 1. Large number of firms - There are a large number of firms in the market. Due to this each firm produces a very small fr
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