Total Revenue (TR) =

What will be an ideal response?


Price of output * Quantity of output

Economics

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In contrast to the earlier neoclassical models of economic growth, in endogenous growth models, there is more emphasis on

a. human capital. b. externalities. c. increasing returns to scale. d. all of the above.

Economics

Greater economic efficiency and income equality can usually both be achieved in an economy simultaneously.

Answer the following statement true (T) or false (F)

Economics

The productivity growth rates of poorer countries tend to be ____ than those of richer countries

a. higher b. lower c. increasing slower d. decreasing faster

Economics

State and evaluate the arguments made for concentration of market power.

What will be an ideal response?

Economics