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law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
Use of ppc in microeconomics
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Explain the roles of economics theory. Roles of Economic Theory An economic theory has three probable roles: a. This can be used to describe economic behavior and economi
Ask qdescribe average and marginal revenue under imperfect competitionuestion
Define the production terminology in short. Production Technology: Production is the procedure of transforming inputs to outputs. Characteristically, inputs consist of labor
effect of tariffs on national income and employment
Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a result,
How does the indifference curve and budget line for a neutral good look like?
Private benefit and social benefit: Bridge the gab between private cost and social cost, and private benefit and social benefit.Under perfect market, there may be a divergence
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