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Q. Hotel ling's model has been used to state differentiation in the political "market." Suppose which 100 voters are evenly arrayed between the extreme left also the extreme right on the political spectrum also which all voters vote also they always vote for the candidate closest to them on this spectrum. The numbers on this spectrum represent the number of voters lying to the left of the number. So, at the midpoint, fifty voters lay to the left also fifty to the right. At the extreme right end, all 100 voters lie to the left.
Enlighten these concepts in terms of specialization, opportunity cost, trade as well as comparative advantage.
Illustrate what is M1 in Iron mania. Illustrate what is M2 in iron mania.
Determine also show how much these firms will sell and what they will charge.
explain why an increase in the wage rate for autoworkers will generate more of a negative employment response in the long run than in the short run
B involves the polluters in each region independently negotiating pollution deductions, assuming the other region is not undertaking pollution reduction.
Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.
Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
In your opinion, are the resources you devote to your education a form of consumption or a form of investment.
How should labour be allocated between x and y to satisfy the demands calculated in part.
how will Kristine s consumption pattern and welfare be affected
In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition, monopolistic competition, collusive oligopoly.
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
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