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construct your own version of a production possibility curve and use it to explain scarcity, opportunity cost and choice
Institutionalist Economics: A school of heterodox economicsthat emphasizes importance of institutional development and evolution (as opposed to ‘pure' market forces) in explaining
llustrate and explain the changing demand gor big Mac using the indifference curves and budget line
price elasticity of demand any 2 commodities
about pay back method
A film studio in Hollywood produces movies according to the function q = F(K;L) = (2=100)K^0.5L^0.5 In the short run, capital (studios, gear) is xed at a level of 100. It costs $
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Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a result,
what is the theory of supply
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