Determine physical capital-human capital-technology
What roles do physical capital, human capital, technology, and natural resources play in influencing long-run economic growth of aggregate output per capita?
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A monopolist with a straight-line demand curve finds that it can sell two units at $12 each or 12 units at $2 each. Its fixed cost is $20 and its marginal cost is constant at $3 per unit. Draw the MC(marginal cost), ATC (average-total-cost), MR (m
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Does one firms output decision depend on the output decision of other firms in a long run competitive equilibrium market?
How do these two programs affect cigarette consumption? Use a graph of the cigarette market in your answer. What is the combined effect of these two programs on the price of cigarettes?
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