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What is the difference between 'concept' and 'assumption'? These two terms are very dissimilar. The term 'concept' refers to an idea or abstract principle. For instances, forc
an emission fee levied against polluting firms will tend to shift the supply/demand curve of the firm/product to the left/right?
Direct Marketing This is a marketing tool designed to elicit instant action from the customer through direct contact.
ppc shows microeconomics
Marginal Product (MP) of a Factor: From the above mentioned production function, immediately we can study the effect on total output when there is a variation in labour utlili
what is the meaning of total revenue?
Reasons for International Trade?
Marvelous Marvin spends his money on muffins (m) and a composite good (c) (whose price you may assume is $1 throughout this problem). Marvin's utility is U = m + c and his income (
what is the Theory of second best? Prove the theorem with the help of digram
How to solve questions of endowments?
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