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what is budget line?show the shift in the budget line
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The elasticity coefficient is a number measured using price and quantity data to verify how responsive consumers are to changes in the price of a commodity. The elasticity coeffic
Normal profit: Normal profit is when total revenue is exactly equal to total cost when the latter includes both explicit costs. It is the type of profit when made by firms in
You are the final voter in a brand new start-up league, the Ultra Fun Foosball League (UFFL). The directors are looking to you to make the decisions on how many teams to place in a
derivation of demand funcation using indifferance curv ordelreay and competed demand curv
1. Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? 2. Explain oligopoly's structure and use game t
when average product is decreasing, marginal product is?
would a rational producer be concerned with the average or marginal product of an input in dec
Consumer Choice * Decision making & Public Policy - Selecting from a non matching and matching grant to fund police expenditures
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