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ladessa [460]
3 years ago
6

Calculating the price elasticity of supply.

Business
1 answer:
alekssr [168]3 years ago
5 0

Answer:

Explanation:

W1= 30             W2 =50

Q1 = 6              Q2 = 16

Elasticity of supply = (16-6) / (50-30) * (50+30) / (6+16)

 = (10/20) * (80/22) =80/44= 1.82

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What are the two facets of a mode of production according to E.K. Hunt? Define them.
pentagon [3]

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They are forces of production and social relations of production.

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7 0
2 years ago
why is government intervention often crucial when dealing with both positive and negative externalities?
Dennis_Churaev [7]

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A negative externality happens when the business transaction between a manufacturer and consumer affects a third party adversely. a typical example is cigarettes. When cigarettes is consumed by the end user, the smoke can affect the health of a third party that was not part of the initial transaction.

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6 0
3 years ago
For each of the scenarios, calculate the surplus and indicate if it is a producer surplus or a consumer surplus. Alice is willin
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