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Establish relationship between production and cost for a firm operation in perfect competition market in case of i phone
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
In year one, suppose the federal government has no national debt and spends $100 billion, while raising only $50 billion in taxes. The U.S. Treasury will issue $ billion of governm
consumer equilibrium by indiffrence curve approach
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
A country s choice among the production of education and nuclear submarines is an issue of opportunity cost. Explain the issue using a PPF. Resources are limited whereas
In an industry with two firms, represent the outputs for these single product firms as q 1 and q 2 . The two firms decide to form a cartel and set their levels of output to maxim
what are monetry accounts?
RATIONAL EXPECTATIONS AND ECONOMIC THEORY : We assumed above that the role of economic theory is not to provide quantitative predictions about the future. Suppose we assume ins
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