Economists in Champaign have been studying the local market for pizza. The market is described in the graph: Market for Pizza 10.3 10 8 6.1 6 5.7 4.65 4.1 4. 3.1 2.8 2.8 2.4 2.1 2.1 401 430 464 479 500 518 545 577 Quantity If the Government imposes a tax of $1.9 per pizza, what will be the total government tax revenue? Price

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.