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Discrimination: As a result of sexist and racist attitudes and deliberate efforts of employers to oppose groups of workers against each other, different groups of people (divided and defined by gender, language, ethnicity, ability or other factors) experience very different economic opportunities and incomes.
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
Perfect competition: Perfect completion refers to the market structure in which there are a large number of relatively small firms, each firm having freedom of entry into and
What happens to the market for cchicken wings if the price of beer increases?
a consumer consumes only two goods x and y is in eqillibrium price of x falls explain the reaction of consumer through utility analysis
1).Explain a coordination failure. Using the Prisoner's Dilemma example above, discuss coordination failure. 2). What's a Market Failure? Please define the circumstances under w
What is the theory of Second Best? Prove the theorem with the help of a diagram.
why sellers and producers keep pricess lower
Janet decides to play a game with her children, Jay and Jill (who are fraternal twins) and Mo. Each child is in their own room and cannot communicate with each other. Suppose Jill
Prove that utility approach and indifference curve yield the same consumer equilibrium
In the case of a tax abolition on food staples, what are the short run and long run effects?
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