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Ok, so the supply curve for goal in the U.S. is perfectly elastic, while the demand curve has the usual shape. In 2011, the U.S. used 1,003 million tons of coal at an average price
1. You are managing a breakfast and lunch only restaurant that sells all-inclusive plated meals (i.e. all lunches include any protein or hot foods as well as salads and sides on a
ORDINAL THEORY: INDIFFERENCE CURVE APPROACH In indifference curve approach consumer is assumed to be rational, so that consumer's objective is to maximise her utility by choos
State about the international capital flow An international capital flow is defined as movement of money for the purpose of speculation or investment between countries. It inc
what is stagflation
what are the implications of corruption in economy and fiscal policy
Suppose you have decided to do some savings. You will deposit $200 this year into an account that earns 2% per year and increase the amount deposited each year by 20% in every year
Buying government securities: When a commercial bank buys government bonds, the effect is substantially the same as that of lending - new money is created. To
c) Explain why perfectly competitive markets lead to an allocatively efficient allocation of resources in the long run
If there are economies of scope and if the price for each product equals marginal cost, is it possible for a firm to cover all its costs? If the firm's average cost of production d
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