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a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?
difference between absolute advantage & comparative advantage theory
Question: (a) Using an example, differentiate between private, social and external costs and benefits. (b) With the use of a diagram, describe the difference between profi
how a firm will choose its optimal inputs, isocosts and isoquants explanation
Volume of Trade: It relates to the size of international transactions. Since a large number of commodities enter in international transactions and their aggregate can be found
differance between capitalism and socialism
what is oxidizing agent
Economies of Common Services: Through the concentration of firms in a particular industry in a given geographical location, the firms may enjoy certain commonservices.These
Over the course of modern American economic history there have been market failures, various social problems, and other complexities that have resulted in certain resource markets
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
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