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Monopsony is single buyer of a commodity in the market.
The MRP slopes downward in an imperfectly competitive (resource) market serving an not perfectly competitive product market due to the MP diminishes and the price of the output must be lowered to sell more.
#question. what is the underlying reason for the law of increasing opportunity cost?
If the MU of the 1st unit consumed = 75 utils, and the TU of consuming 2 units is 130 utils, what is the marginal utility of the second unit?
A tax imposed on a market with an inelastic demand and an elastic supply will cause
Chemical properties of p block elements
illustration for demand of big macs using indifference curve and budget line
Uses of population census: It is used to determine the size and the growth rate of the population at a country. The helps the government in planning for education, transporta
Explain the factors influencing the value of PED and yED. PED and YED should be explained and then dealt with in terms of determinants. PED is dependent on availability/closene
a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?
What is endothermic reaction? 3. Draw a generalised energy graph for an endothermic reaction.
How might a change in the exchange rate affect the domestic economy of the country? A change in the exchange rate - ceteris paribus - will alter relative prices between trading
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