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A firm has a short-run production function defined by:
Q = -. 02L2 + 8L
What is the short run demand curve for labour (L) in terms of the market wage rate (w), if the firm can sell all its output at $5 per unit?
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The Industry's Long Run Supply Curve * The Effects of Tax - Earlier we studied how firms respond to taxes on an input. - Now, we will consider how firm responds to tax o
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Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? Answer The term externalities refers to bot
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