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what is the use of models in economics?
Use of ppc in microeconomics
Q. What is Formal Economy? Formal Economy:Sector of the economy that produces services and goods in return for monetary payment, and is fully integrated into the formal structu
what is marginal cost
Explain the term Laissez-Faire The term "laissez-faire" is used to explain an economic system where the government intervene as little as possible and leave the private sector
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?
# 1 Question: Consider a competitive market for Berries. The market demand for the berries is Qd=50-P (Qd is the quantity demanded (cartons) and P is the price in $. The market sup
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if tc is 200 what will be marginal cost?
Using a diagram explain the equilibrium point of a monopoly
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