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What two important functions are performed by the price system?(1) The price system is an automatic method for distributing goods and services.
(2) The price system defines the allocation of resources between producers and the final mix of outputs.
If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?
illustrate and discuss the implications of various markets structures(competitive and non-competitive) for price dertimation
Biochemistry is regarded a dull topic. Not many learners like to research it in school since it includes a thorough comprehension of issue and clinical changes in the framework, fr
detail of consumer surplus with examples
characteristics of microeconomics
When is tax to society cause a deadweight loss? Applying Consumer and Producer Surplus: The Efficiency Costs of a Tax A tax causes a deadweight loss to society, since les
How Airlines solve the perishability of unsold seats and what they do to their prices as the seats get close to perish?
Edge Act A federal law passed in 1919 that are available national banks to accomplish foreign lending operations through federal or state chartered subsidiaries called Edge Ac
what is cardinal utility. Please give an example
The Bloomington Electric Company operates in a stable industry and therefore has predictable dividend growth of 8% per year. The most recent annual dividend was paid yesterday in t
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