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what to produce of capitalism
explain normal profits
Tariff: A tariff is a tax imposed on the purchase of imports. It is generally imposed in order to stimulate more domestic production of the product in question (rather than meeting
when does a buisness reach shutdown point
homework assignments
Comparative Advantage:A theory of international trade which originated with David Ricardo in early 19th Century and is maintained (in revised form) within neoclassical economics. T
characteristics and models of oligopoly by Sweezy,cournot and edgework
what is the basis of marginal utility
Define law of supply. Quantity supplied rises as price raises, other things constant. In other words, "Other things being equivalent, when the price of a product rises, then s
in the keynesian model, the price is assumed to be what?
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