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Elasticity of Demand , Assume that a shoe salesman learned the price elasti...
Assume that a shoe salesman learned the price elasticity of demand for her products is -1.5. How many percent will increase in total sales (revenue) if she cuts the price by 10%?
Oligopoly, How to calculate new profit earn by a firm in oligopoly if anoth...
How to calculate new profit earn by a firm in oligopoly if another firm cheat
Theory of profit, theory of profit
theory of profit
Capital formation, Capital formation: Growth Economists believe that ...
Capital formation: Growth Economists believe that accumulation of capital is one main source of growth of an economy. Emphasis is given to the accumulation of more capital pe
Explain the price inflation and wage inflation, What is the difference betw...
What is the difference between Price inflation and Wage Inflation? Price inflation is the rate of enhance in the prices of goods and services whereas the wage inflation is ra
Economic theory, Much of undergraduate macroeconomic theory is discussed on...
Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic agents about the future values of macroeconomic varia
The Invisible Hand and Externalities, In markets, the invisible hand alloca...
In markets, the invisible hand allocates resources efficiently a. in all cases b. when there are positive externalities, but not when there are negative externalities c. when there
Intermediate products, Intermediate Products: Products (which includes both...
Intermediate Products: Products (which includes both services and goods) that aren't produced in order to be consumed, but somewhat are produced in order to be used in the producti
Price and inflation, If the price of that cup of teh-tarik has increased in...
If the price of that cup of teh-tarik has increased in such an amount,economists may not necessarily conclude that the country is going throungh inflation.why is that so?
Economic profit in a monopoly 2006 ap exam, is it just assumed that a monop...
is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
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