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What is the marginal opportunity producing the first unit of paper? The marginal opportunity cost of producing the forth unit of paper?
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
substitution and income effect on inferior good
What have been some justifications given for the historical exclusion of household production from the national accounts? Some reasons have included: a. households are not p
explain how scarcity impacts choice 2.expain the three steps process in economic analysis
Homework 4 Q1. Suppose a consumer has utility function (u) = xy where x and y are amounts of two commodities that this consumer consume. Suppose this consumer’s income is $120, pri
GROWTH OF EMPLOYMENT OPPORTUNITIES: Several disquieting features are observed in the Indian labour market over the past two decades particularly during the 1990s. These are di
Think about the demand for the three popular game consoles: XBox, PS3, and Wii. What is the effect on the demand for XBox games and the quantity of XBox games demanded if, other th
Determine the Business Cycle and Classical Economists Business Cycle: The business cycle is the fluctuations in the rate of economic growth that take place in the economy. Th
Q. What do you meant by Deficit? Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A
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