Define absolute and comparative advantage.

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A: Implicit cost is the opportunity cost.

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A:

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A: In this case the government reduces the discharge permit to Q**.  

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A: Producer surplus (PS) is the surplus that the producers receive by participating in a market. 

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A: explanation A pie chart is a tool of data representation available to the analyst to break the data ...

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A: Hi! thank you for the question but as per the guidelines, we only answer up to three sub-parts at a ...

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A: The elasticity of supply(S) represents the responsiveness of price movement on the supply function o...

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A: Opportunity cost, in economics, is related to the concept of scarcity and represents the potential b...

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A: The elasticity of supply shows the responsiveness of the change in price on the the quantity supplie...

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Q: Why is recording the proceedings of job conferences important?

A: The proceeding of a job conference is important.

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A: Suppose 1,391 people bought popsicles on a hot summer day.

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Q: QD=50 – 2 P + 0.5 PR and Qs = -4 + P. Here PR if the price of a related good. What is the equilibri...

A: Given that- QD=50 – 2 P + 0.5 PR and where PR is the price of a related good. Qs = -4 + P (1) What...

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A: Hello. Since you have posted multiple parts of the question and not specified which part of the ques...

Q: EKry Consider the cost curves above. FC (TFC) is shown by O1. II. II. O IV. QUESTION 18 Consider the...

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Q: Troll Island is a small island nation that recently experienced an autonomous change in aggregate ex...

A: Change in AE = 8 billion MPC = 0.55

Q: 1. What is the Total Utility of the second unit? 2. What is the Marginal utility of the third, fourt...

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Q: Economics Question

A: Demand – Supply model is the basic foundation of Microeconomics. If price increases then quantity de...

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A: Definition: GDP The gross domestic product (GDP) is the value of all final goods and services produ...

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A: Expenditure on research and development carries a great deal of risk. The improvement of an existing...

Q: What Is Buyer-Supplier Interface Barriers?

A: In Buyer-Supplier interface barriers suppliers are reluctant to provide cost information, and there ...