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Give two level of incomes 100$ and 150$ DRAW demand curve for individual a & b and then draw market demand curve for these two different kind of income
d
#suppose EEPCO is amultiplant monopolist with two plants: Gibe plant and Fincha plant. The operating costs of the two plants are: Gibe plant Tc1=10Q^2 and Fincha plant TC2=20Q^2.
Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
define and explain the concept of social efficent production
The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. Why is this false?
If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?
The town utilizes standard disc type PD water meters for all residential connections. These meters were warranted by the manufacturer to be accurate within two percent of actual f
significance of income elasticity coefficient
sources of oligopory
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