The prices at which goods trade are determined by their costs of production
Indicate whether the statement is true or false
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Economics
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The unregulated, single-price monopoly shown in the figure above makes a total economic profit of
A) $24. B) $16. C) $8. D) $4.
Economics
If the rural wage is 4 and the formal urban wage rate is 10, there will be rural to urban migration if the formal urban unemployment rate is
(a) 50% (b) 60% (c) 70% (d) all of the above
Economics