Q. Elucidate which of the subsequent industries most closely approximates pure competition?
Q. Worker is a resource that is necessary to manufacture so many goods. "If the cost of worker falls," says the economist, "the costs of goods will soon follow." How does this work?
Q. It is a hot day also Bert is thirsty. Here is value he places on a bottle of water: Value of the 1st bottle $7 Value of the second bottle $5 Value of the third bottle $3 Value of the fourth bottle $1