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would a rational producer be concerned with the average or marginal product of an input in dec
The drawbacks of a mixed economy actually depend on how "mixed" it is. For instance, if it is mixed more towards a free-market, there is little regulation (some may see this as a g
using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?
concept of the law of supply
RELATIONSHIP BETWEEN TFC ,TC ,TVC
When should a firm shut down production in the short run?
Special Drawing Rights: The late 1960s witnessed that the growth in world resources did not keep pace with the growth in international trade. The slackness in the growth of re
What is black marketing? Black Marketing means hoarding of sure commodity to sell it at higher prices. But it is an illegal activity in the economy and makes artificial shorta
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
NEW CLASSICAL BUSINES CYCLE THOERY: Yang, Xioaokai, Economics: New Classical versus Neoclassical Frameworks, Oxford: Blackwell Publishers. The book goes on to rigorously dev
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