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An ole firm can use its own data of past years regarding its sales in past years. These data are known as time series of sales. A firm can predict sales of its product by fitting t
Consider the market for purple magic markers. The demand for purple magic markers is perfectly elastic and the supply is upward sloping. If sellers of purple magic markers are taxe
explain how macro and micro issues may be represented using production possibility curve
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
types of elasticity of demand
Cost Sharing in Higher Education - Graduate Tax Another commonly suggested measure is to tax the employers employing educated manpower. The case for this method is made on the
How might governments lower the natural rate of unemployment? An easy way to organise the answer is to separate possible solutions into two broad groups; interventionist and m
discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
illustrate and discuss the implications of various markets structures(competitive and non-competitive) for price dertimation
Suppose that the short-run world demand and supply elasticities for crude oil are -0.076 and 0.088, respectively. The current price per barrel is $30 and the short -run equilibrium
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