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What is market clearing level and public good?
Market clearing level is the price level current in the market at which consumer is willing to purchase a particular commodity from the market.
A public good is a good that, even if it is consumed by single person, is still available for consumption by others. For instance, clean air is a public good, so is national defense or public safety.
what is limitation of inherent
Reducing Risk Three methods consumers attempt to reduce the risk are: 1) Diversification 2) Insurance 3) Collecting more information
what the company do?
what are the merits and demerits of deductive inductive methods in economic analysis?
Supply function given by equation QS = 3P - 50. Write an equation proposals if: a) Government introduces subsidies of 5 $ per unit; b) the government introduced subsidies of 15%
Amartya Sen''s concept of poverty and welfare.
what is the demand when expanding healthcare infrastructure?
What do you mean by Consumption Set? Consumption Set: We notice a consumer faced along with possible consumption bundles within consumption set X. We generally assume that X
three marginal conditions of pareto optimality
If Coolest IceCream ice cream parlor has been closing at 5pm with $120 of marginal revenue and $80 of marginal cost for the last hour open, what should Coolest IceCream do to maxim
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