39 1A country is said to have a comparative advantage in the production of a good when it: has the lower opportunity cost of producing the good. can produce the good using fewer resources than another country. requires fewer labor hours to produce the good. all of these.

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A: A perfect market, also known as an atomistic market in economics, is defined by several idealising…

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A: In competitive market there are many sellers and many buyers, each with no market power.

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Q: 2. Alice maximizes expected utility with an index u(x) √x where x is the total annual income. Her…

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Q: C = 600 + 0.75(Y - T) I= 1,200 – 50i - M/P = Y – 200i - G= 2000 T = 2000 M = 4,000 P = 2

A: Now again M new =money supply M new/2 = y - 200i and y +200i = 10400 ,where income is constant at…

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Q: Copy and paste, or type, the following into cells A1:D5 of an Excel spreadsheet: Input data fixed…

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Q: A 255.

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: A monopoly is operating at a quantity where the average total cost is $60, marginal revenue is $45,…

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Q: 13. In Avengers: Infinity War the character Thanos seeks to use the power of the infinity stones to…

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Q: 3) Jack's Labor Demand Problem Jack hires craftswomen like Jane to help produce widgets. Jack acts…

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Q: Figure 39.1 Graphs of Monopoly and Perfect Competition Monopoly Perfect Competition R MC ATC MC ATC…

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A: * ANSWER :-  By using given data the matching are given below

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Q: 14. (continued) What happens to the labor productivity, which is the output per unit of labor, Y/L,…

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Q: ques 5

A: A market is a place where the buyers and the sellers interacts with each other and the exchange of…