Exam (elaborations)
Econ 205 FInal exam Questions and Answers Distinction Level 2023
- Course
- Institution
subsidy - -money that government gives away in a market (reverse tax) -Subsidy DWL - -(1/2)(s)(change in Q) -Subsidy incidence - -benefit of per unit subsidy -Profit - -tt=TR-TC -Fixed Cost - -Costs that do not vary with the quantity of output produced -variable costs - -costs that v...
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