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What are the different pricing practices?
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
What are economies of scale and diseconomies of scale? In economics, returns to scale and economies of scale are terms that are related and sometimes incorrectly used intercha
A market is nothing more or less than the locus of exchange, it is not of necessity a place, but easily buyers and sellers coming together for transactions. Transactions happen
The marginal benefit of a refrigerant in a production process (the producer's willingness to pay for its use) is 100-5Q. The marginal damage from the use of the refrigerant on the
suppose ismail were to eat five pizzas per week.what is the total value ismail would place on his five weekly pizzas?
In theory, we know that a monopolist basis its price directly off of the demand curve, but in practice a monopolist cannot ''see'' the demand curve. Explain how a monopolist might
Explain the detail central problem of an economy?
I don''t really understand how scitovsky contour is formed.
When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
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