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When somebody wearing muddy shoes rides a public bus, he imposes a negative externality on other riders (passengers get some mud rubbed off on them, and the shoes look ugly). If a
Q. What is Economic efficiency? Economic efficiency Explain a situation where the total value of the end uses, to which the resources are put, is maximised. A consequence is th
compare marginal rate of technical substitution and marginal rate of substitution
steps for law of coservation of mass
what are the merits and demerits of deductive inductive methods in economic analysis?
what is cardinal utility. Please give an example
1) A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due largely to increases in the price of energy and food related commodities following sev
two or more variable inputs
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Elasticity help
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