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If coolest icecream parlor has been closing at 5pm with $120 of marginal revenue and $80 of marginal cost for the last hour open, what should coolest icecream do to maximize profit
Explain how foreign aid might help in the development process of a developing country. Definition/outline of various forms of aid, i.e. donor aid, tied aid, bilateral aid etc.
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
define and explain theory of production?
Does the curve represent if the risk is NOT taken and the line connecting two points on the curve represents if the risk IS taken?
What are the important functions to maximize total surplus? The market equilibrium maximizes total surplus since the market performs four significant functions are as follows:
I need help on MCQs on international trade and imperfect competetion
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
What two important functions are performed by the price system? (1) The price system is an automatic method for distributing goods and services. (2) The price system defines t
inflation wide equality while deflation narrow it down due in aggree distify we answer with algement?
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