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use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
compare marginal rate of technical substitution and marginal rate of substitution
Figure 3.7 in the above textbook. Using the figure in guide, determine the approximate size of the market surplus or shortage that would exist at a glance of a) $40 b) $20
how is monopoly different from opligopoly
my assignment is about richardian model and wanna ask you about few questions
Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand
What is average revenue and average revenue curve Average Revenue: The average revenue is the total revenue separated by the level of output. It is therefore the price.
National Income Determination: National Income Determination deals with what determines the size of a nation’s national income. The size of a nation’s national income is deter
Why firm charges different prices to different consumer? Every firm needs to maximize its profit. When goods are sold to different customers, each customer negotiate price of
show the shape of f orbitals?
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