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True public goods are those goods which can't be provided to one group of consumers, without being provided to any other consumers who desire them. Thus they are "non-excludable."
2ALBr3+3K2so4--->6KBr+1Al2(so4)3
The Equilibrium Consumption Combination equilibrium for the person occurs at the point where the indifference curve, shown by II, is tangent to the budget line, portrayed by BB. T
Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#
Explain the meaning of the statment "coffee and tea are close substitutes".
A Competitive Short Run Supply Curve of Firm * Observations: - P = MR - MR = MC - P = MC * Supply is amount of output for every possible price. Thus: - If
Ask qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the equili
what is aridge line and significance in economics.
Why Average Revenue= Marginal Revenue
draw the supernormal curve
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