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What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
state 3 major assumptions which a production posibility is based
Marginal utility - It is the measure of the additional satisfaction obtained from consuming one additional unit of good. * Marginal Utility: An instance - The marginal u
What is the impact of microeconomics on economy?
explain normal profits
Q. What do you meant by Payroll Tax? Payroll Tax:A tax which is levied on current employment or payrolls (collected either as a fixed amount per employee or as a percentage of
Distinction Between Cost and Expenditure As has already been defined, cost is the money equivalent of material and human resources needed to produce a good or a service. Expen
The Law for Diminishing Marginal Returns - As use of an input increases in equal increments, a point will be approched at which the resulting additions to output decreases
How to use Demand and Supply tools to analyze the case of the Egyptian labor market?
uses of time series in indian economy
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