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Indifference Curves: Every consumption-leisure point, (l; c), in the diagram is associated with a unique level of utility. The line II represents the individuals indifference curv
if the price of labour is 2000 per hour and the price of capital is 1000 per hour.is there an efficiency point of production.
describe returns to scale and give examples of each.
With the aid of a diagram explain the long run average cost curve and the influences upon it.
1. Why is a proprietary good necessary for a firm to choose to become a multinational? 2. In Ramondo, Rappoport, and Ruhl (2011), "Horizontal vs. Vertical FDI: Revisiting Evi
Explain the micro and macro economic issues that can be represented on the PPC
marries model
Allocative efficiency criteria are satisfied by the competitive model. Because P = MC, in each market in the economy there is no over- or under- allocation of resources in this ec
How does planning serve as a solution to economic problems?
isoquants curve shows
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