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the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation
1. By using the Production possibility Curve (PPC), analyze the microeconomic theories such as scarcity, choices and opportunity costs. Provide relevant graph with numerical exampl
How to calculate new profit earn by a firm in oligopoly if another firm cheat
What is Modern Economics? Modern Economics: Modern economics mostly developed within last sixty years, methodically studies individuals’ economic behavior as well as econo
Labor Total Output 1 30 2 50 3 60 4 75 5 80 a) If the price of the firm’s output is $12 per unit and the wage rate is $100 per worker, how many workers should the firm choose to
the basics in micro economics
explain normal profits
shows teh steps in unitary mehod
Suppose that two anti-marijuana proposals are currently being debated in Congress. Proposal I will reduce the supply of marijuana and cause its price to rise by 7%. Proposal II wil
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