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Explain opportunity costs using a PPF where investment goods are on one axis and consumption goods on the other. Again, a good definition of opportunity costs linked to the not
If there is an industry and some of the companies get shut down, how would you graph the short run and long run effects
How to solve questions of endowments?
RATIONAL EXPECTATIONS AND ECONOMIC THEORY : We assumed above that the role of economic theory is not to provide quantitative predictions about the future. Suppose we assume ins
factor afecting the demand for durable product
what are the main properties and assumptions of indifference curve
With the recession, average incomes have fallen from $44,375 to $41,720. Before the recession Groucho's Gizmos sold 600 gizmos a month. As an economics, predict the number of gizm
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in aid of a diagram explain the concept of diminishing returns in production
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