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what is the theory of second best ? prove the theorem with the help of a diagram .
# 1 Question: Consider a competitive market for Berries. The market demand for the berries is Qd=50-P (Qd is the quantity demanded (cartons) and P is the price in $. The market sup
what is microeconomics in business decision
suppose ismail were to eat five pizzas per week.what is the total value ismail would place on his five weekly pizzas?
Ask qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the equili
Suppose scientists discover that eating soybeans prevents cancer and heart disease. What effect would you predict on the price of soybeans?
the price elasticity for gizmos is known to be 1, if sellers of gizmos increase their
the sources of market failure
Production Process: Production is a process that transforms factors of production or inputs into output of goods and services. Production may be classified into extraction, ma
what is the explanation about supply analysis?How to understand?
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