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Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
PARALLEL ECONOMY: What is in popular parlance known as black money, and is, misleadingly called the 'parallel' economy, (as it operates very much with and within the legal, fo
A city government regulates taxi fares. It also limits the number of taxicabs (by licensing), and has not changed the limit on cabs for lot of years. At one time vacant taxis wer
Question: (a) With reference to the characteristics of market structure, describe why the market for powdered milk in Mauritius is an appropriate example of monopolistic compe
#question.what is probability and laws
We consider two regions A and B. Each market has the same size (i.e. number of consumers) but differs in the willingness to pay for one unit of the good proposed by the firm. On ma
What is the substitution effect?
mancosa assignment
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