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Problem: (a) Given TR = P×Q, Show that Note: TR is total revenue, P refers to price, Q refers to quantity demanded, MR denotes marginal revenue, and ε d shows the p
how does the concept of possibility production curve aplicable in real life?
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Expectations played a major role in Keynes' theory of the determination of aggregat output and employment in market economies in the short run. Expectations about future yields on
give me answer of theory of product prices
It is clear that monopsony in the labor market is not steady with allocative efficiency and has the effect of withholding significant amounts the employees' MRP from them, that bec
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Indifference curve definition
how do I determine the profit-maximizing quantity of a firm for different market prices when only given TFC, TVC, and the market price
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