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An artist makes a beautiful instrument that becomes famous throughout the country. A number of claimants arise, each of whom argues that they deserve the flute: the artist who created it, the most talented musician, the poorest musician, the neediest citizen, the hardest working musician, etc. Who deserves the flute?
The problem belongs to Economics, particularly to Micro-economics and it is discusses about a question is about the equilibrium price and quantity market for personal laptop. Diagrams have been given to illustrate the same.
In which of these markets would the firms be facing the least elastic demand curve?
Find the production possibility frontier for this economy and find the competitive equilibrium and find competitive equilibrium if every consumer owns 100 units of labour and owns one firm.
"When the British government tripled university fees for foreign students in Great Britain, about one-half of them left to study in other countries."
Describe the mechanisms used by investors in the share market to analyse and manage systematic and unsystematic risks.
What happens to consumer surplus and what happens to total surplus assuming the government sells the consumer
What is Malthus’ theory of effective demand? What is Malthus’ solution to the problem of general gluts? Describe how Ricardo and Malthus came to different conclusions concerning the Corn Laws.
If the jeans sell for $35 a pair and the competitive market wage is $250 per week. how many workers should stone hire? how may pairs of jeans will the company produce each week
Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities
Mark resigns from his job as a head chef in a famous restaurant where he earned $70,000 per year to open his own restaurant last year. He withdrew $50,000 of his own savings that had been earning 4% interest and borrowed another $100,000 from the ban..
Suppose a firm produces bicycles. Will the firm's accounting statement reflecte the opportunity cost of the bicycles Why or why not What cost would an accounting statement revelat Should current decisions be based on accounting cost
Demand and supply of certain resources in Australia and factors other than price which affect demand and supply
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