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DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICKS
Using commodities as an example, explain the factors influencing the PES for such goods. The basic determinants of PES are time span included and the availability of producer s
diffence b/n fixed and variable input
Solve equation P=200-Qs and Qs=4.5p +5
write characterstics of duopoly
I am having a hard time figuring out how to find marginal product.
When measuring price levels in the economy (such as when calculating the CPI index), why is a weighted average used? Because we require giving greater emphasis to prices at whi
discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm
Gasoline Rationing - In the year 1974 and again in the year 1979, the government imposed price controls on gasoline. - This resulted in scarcity and gasoline was rationed.
haberlers cost theory
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