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explain how scarcity impacts choice 2.expain the three steps process in economic analysis
Explain about the determination of equilibria. Determination of Equilibria: The fourth step for studying an economic step is to make trade-off choices and find out the be
function with equation,variable,parameter
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
Explain how a floating exchange rate works and the variables which affect the rate. Define a floating exchange rate as the price of a currency (in terms of another or basket of
what is aridge line and significance in economics.
Monopoly and Oligopoly help?!? 1. Your firm sells a perfume. The daily demand for your perfume estimated by your economists is given by P=150-5Q Your marginal cost is constant at $
Example of a cost function
When the price of candy bars increased from $.45 to $.55 the quantity demanded changed from 21,000 per day to 19,000 per day. In this range the price elasticity of demand for cand
price of laptop increases by 20% and there is a 40% drop in the quantity demanded?
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