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1. Consider an individual facing a wage rate w. There's a total of 100 hours
available for work or leisure in a week.
(a) Represent his budget constraint graphically
(b) Represent the effect of an decrease in the wage rate
(c) Represent the effect of an proportional tax on labor income
(d) Suppose that the individual must pay a 10$ per week in taxes, regardless of how much he works. How does this affect his budget constraint?
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determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
Q. Explain about Natural Monopoly? Natural Monopoly: In some industries, economies of scale are so strong that it makes most economic sense for there to be just one supplier. T
reaction of mechanism of nitrous acid with benzene diazonium chloride in presence of Cuperous oxide
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