Technical change and vintage technology
In heterodox economics, what implications does technical change and vintage technology contain for the cost structure of the business enterprise?
Describe Quasi-public goods?
Distinguish between the resource market and product market in the circular flow model. In what way are businesses and households both sellers and buyers in this model? What are the flows in the circular flow model?
What persuades new firms to enter in an industry? Answer: Abnormal profit encourages new firms to enter an industry.
Question: (a) Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Why is it significant that economics is not a laboratory science? What problems may be evolved in deriving and applying economic principles?
Specify and explain the shapes of the marginal-benefit and marginal-cost curves and use these curves to determine the optimal allocation of resources to a particular product. If current output is such that marginal cost exceeds marginal benefit, should more or l
What are the scientific method that Economists use to establish theories, laws, and principles?
Explain Unemployment, Growth, and the Future?
Illustrate the Law of supply?
plz find the attachment and dont compromise on quality,, no similarity n need to be done according to requierment...
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