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Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
After I figure a table what do I do with it? I have no book and no study materials to answer my question
what is wage?
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?
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discuss the implications of various market structures(competitive and non-competitive)for price determination
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.
There are two individuals in town, one is high risk and the other is low risk.1 The probabilities of having an accident for the low risk individual and high risk individual are p
Illustrate and explain the changing demand for big mac using the indifference curve and budget line.
Market equilibrium happens where supply equals demand (supply curve intersects demand curve). An equilibrium implies that there is no force that will cause further changes in pri
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