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Suppose that two anti-marijuana proposals are currently being debated in Congress. Proposal I will reduce the supply of marijuana and cause its price to rise by 7%. Proposal II wil
What is the theory of absolute and comparative advantage?
Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele
a) Explain the conditions under which a monopolist is able to price discriminate. b) Demonstrate the relationship between a firm's marginal revenue function and its relationship
Calculate the number of moles in 15.8 grams of aluminum hydroxide
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
Ask question #what is an indifference curveMinimum 100 words accepted#
market failure
how can a consumer get maximum Equlbrim
Monopsony is single buyer of a commodity in the market. The MRP slopes downward in an imperfectly competitive (resource) market serving an not perfectly competitive product mar
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