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discuss how the price mechanism allocate resources in a free market system
according to Tobin 1993,examples of Keynesian unemployment includes situation where
if the inverse demand curve is p = 120 - Q and the marginal cost is constant at 10, how does charging the monopoly optimum and the welfare of consumers, the monopoly, and society?
expansionary fiscal policy occurs?
Economies and Diseconomies of Scale -Economies of Scale Increase in the output is greater than increase in the inputs. -Diseconomies of Scale Increase in the
At a market price of $21 a toy, what quantity does the firm produce in the short run and does the firm make a positive economic profit, a zero economic profit, or an economic loss?
what is free market?
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
how to estimate costs?
Functions of money in any modern economy: A medium of exchange: Money facilitates the exchange of goods and services because, people exchange the goods and services they produ
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