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Allocation Function
The shifting or reallocation of production property into or out of markets based on shifts in prices for the products or services produced in that market. If price moves in a technique that indicates an increase in requirement, more firms may try to enter that market and gives a supply to meet that requirement. Conversely, if price shifts in such a way that demand looks to be diminishing, several firms may choose to leave the market and direct their resources elsewhere.
Private benefit and social benefit: Bridge the gab between private cost and social cost, and private benefit and social benefit.Under perfect market, there may be a divergence
causes for emergency of monopoly
Discuss the costs and benefits of establishing a common currency. So, there is a convergence issue in setting up the common currency - and there will also be a convergence prob
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
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Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
why does economist agree or disagree?
How is consumer utility calculated?
given that a=(4;2) and b=(5;11)determine the value of x in the following equation b=3x-1/2a
Exchange Rate Policy: After the second amendment to the Articles of Agreement of IMF which came into effect on April 1, 1978, every member is free to choose its own exchange r
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