Blog

Firms should hire additional units of a resource as long as the

The key element in a monopoly situation is

Economists refer to consumers’ desire for goods now rather than in the future as

The demand for a resource depends largely on the

The firms in a competitive price-searcher market produce goods and services that are

If new firms are entering a competitive price-searcher market, we can conclude that

In the short run, a price searcher wishing to maximize profits or minimize losses should produce the output that

When political allocation replaces markets, 

Patents grant their owners

If there is employment discrimination against a group, this will cause the