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Wicksteed made a significant contribution to value theory during the marginal utility revolution. This contribution was the "Exhaustion of the product". Explain the importance of this contribution. Explain the significance of the Euler theorem and the assumption of constant returns to scale in deriving the solution. In what ways is this contribution similar to Marx's Transformation Problem, in what ways is it different?
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
Compute the price and quantity of equilibrium in each country when both country A and country B are closed economies.
Calculate output, price, total revenue and total profit at revenue maximizing activity level and n at profit maximizing level.
Illustrate what is the four industry concentration ratio of the hamburger organization in this town.
Compute the company's total costs, and graph the revenue curve and the total cost curve. Do the curves have the shape you expect. Over what range of production is the company making pro ts.
Why would an ounce of gold be priced higher than an ounce of coffee beans though coffee is generally considered more essential than gold
Under oligopoly if one firm in an industry significantly increases advertising expenditures in order to capture a greater market share, it is most likely that other firms in that industry.
The university is seeking a grant to cover capital costs. How big of a grant would make this project worthwhile (to the university).
Elucidate what do the opponents of globalization criticize. With regard to consumerism, immigration, and nutrition, where do you find their critiques compelling.
Illustrate what would be a simple options strategy utilizing a put and a call to exploit your conviction about the stock price"s future movement.
what is the size of the bank's actual reserves. Required reserves are 10 percent of transactions deposits under the assumptions of the simple multiplier formula, then eventually the money supply will increase by.
Suppose the legislature enacts minimum wage legislation in order to provide workers with a "living wage.
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