what is producer surplus? The more the competition among the sellers, the less the producer surplus enjoyed by the producers do you agree with the statement. Justify your answer. Suppose, a producer is willing to sell 50Kg potato at price Tk.18/Kg. If the ma...
Why does PPF become a straight line? When it becomes a curve? When the PPF shifts parallelly? When it shifts clockwise or anti-clockwise?
With a fixed amount of resources, 20 units of computers or 30 units of food can be produced. Also, the combinations of computer and food can be produced. Combinations are 25 units of food and 4 units of computers, 20 units of food and 7 units of computers, 15 units of food and...