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Demonstrate mathematically that the equilibrium condition MRS PB PA is the equivalent of the utility-maximizing rule MU AP A MU B PB .
List four characteristics of monopolistic competition
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Ask question using health care as an example explain how markets fail due to different types of externalities arising from jointness in production and consumption
Labour Supply:Total number of workers available and willing to work in a paid position; generally measured by the labour force(even though the labour force usually excludes many wo
Prove that utility approach and indifference curve yield the same consumer equilibrium
Q. What do you mean by Costs? Costs Section 56 of the Environment Act describes costs as including ‘costs to any person and costs to the environment'. The costs of a project a
graphing a isoquant
Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity
advantages and disadvantages
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