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Q. Market Income and Socialism? Market Income: A household's total pre-tax income obtained from its activities in formal economy, including salaries andwages, investment income
How does the indifference curve and budget line for a neutral good look like?
monetary policy
how distribution is arranged to provide customer service
average-marginal relationship
Problem 1: a. Describe the concept of opportunity cost, using the production possibility curve. b. What are the fundamental problems of an economy? Describe how the command
critical evaluation of marginal analysis
what is general equilibruim?
If the marginal product of labor is 45 units of output and the marginal products of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $
MUa/MUb how it happens? and why this occur?
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