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Private benefit and social benefit: Bridge the gab between private cost and social cost, and private benefit and social benefit.Under perfect market, there may be a divergence
Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
what is The most important source of oligopoly?
Suppose the price of books is $15, the price of movies is $5, and your income is $75. Assuming you have a desire to reach constrained optimization, how many movies will you buy? Ho
What is the graph of the production possibilities frontiers for the American and Japanese economies if American worker can produce 10 tons of grain a year and Japanese worker can p
Consumer Choice * Consumers choose a combination of goods which will maximize satisfaction they can attain, given the some degree of budget available to them. * The maximiz
diffence b/n fixed and variable input
when total production fall what,s the status of average product and marginal product
#question.explain three neccessary condition to achieve pareto efficiency.
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