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explain normal profits
Suppose an economy has four sectors, Agriculture (A), Energy (E), Manufacturing (M), and Transportation (T). Sector A sells 10% of its output to E and 25% to M and retains the rest
what is golloping inflation
Ask quAsk qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be
is economics a positive science
identify three factors to criticize the theory of consumer behavior or utility theory
what is pure competition markets?
what are the advantages of a monopsonistic labour market
The Industry's Long Run Supply Curve * The Effects of Tax - Earlier we studied how firms respond to taxes on an input. - Now, we will consider how firm responds to tax o
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