Do rising world food prices make the CAP unnecessary?
Answer to relevant QuestionsIs it reasonable to assume that people seek to equate the marginal utility/price ratios of the goods that they purchase, if (a) They have never heard of ‘utility’, let alone ‘marginal utility’; (b) Marginal utility ...Choose two industries that you believe are very different. Identify factors used in those industries that in the short run are (a) fixed; (b) variable.Is it a valid criticism of perfect competition to argue that it is incompatible with economies of scale?Think of two examples of price discrimination. In what ways do the consumers gain or lose? What information would you need to be certain in your answer?Why does the marginal revenue product differ betweenworkers in different jobs?
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