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Why is high unemployment considered a bad thing?
High unemployment means that a nation's resources are underutilized. It also poses great psychological, economic, and social costs on unemployed individuals, as well as their families and their communities. It is linked with higher rates of depression, suicide, domestic violence, and lack of social cohesion.
Suppose that you can produce high-quality beef at $3 per pound and sell it for $8 per pound. Low-quality beef costs $1 to produce but only sells for $4 per pound. If quality is uno
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using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
suppose your opponent is not playing her nash equilibrium strategy. Should you play nash equilibrium strategy?k question #Minimum 100 words accepted#
inflation wide equality while deflation narrow it down due in aggree distify we answer with algement?
if the inverse demand curve is p=120-Qand the marginal cost is constant at 10, how does charging the monopoly a specific tax of 10 per unit affect the monopoly optimum and the welf
what are the variables to be included in the social welfare of a country?
how to estimate costs?
explain why policies for promoting market competition are desireable
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