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You have decided to sell some goods at a local music festival. You have hired a sales stand for $500. Your cost per item is $3 and you will sell each item for $5. When you did your
illustrate and discuss the implications of various market structures (competitive and non-competitive) for price determination
Explain the difference between elastic and fixed supply
objective of afirm
large firms charge the price which is higher than the small firms, contruct the diagram
Jeremy is an economics student who loves hamburgers. He could eat any number of them for dinner, but he gets a really bad stomach ache after eating a certain amount. In fact, his u
Janet decides to play a game with her children, Jay and Jill (who are fraternal twins) and Mo. Each child is in their own room and cannot communicate with each other. Suppose Jill
1. What is the relationship between a firm's total revenue, profit and total cost? Give an example of hypothetical data and draw the curves. 2. Define economies of scale and e
what are the merits and demerits of deductive inductive methods in economic analysis?
how pp curve can solve the central problems of an economy?
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