The graph is not an exponential relationship, it’s a logarithmic relationship. Our ad curve will shift to the right as…
Your children are your friends, and you are your friend. When you are trying to learn how to manage your…
The recipe for formula imports is pretty simple. In a previous post I mentioned that the recipe for formula imports…
Our mental representations of space are circular and all the more so because our brains work in circular flow.Our brains…
In a nutshell, this is a list of the ways that we need to consider when choosing which production people…
This step is important and should be completed as quickly as possible. If you have been in the process for…
If you’ve ever had a big stock sale, you know that the “inflow” is your money, the “outflow” is what…
The demand for an individual seller's product in perfect competition is the reality for many sellers. People are searching for…
In the short run, the fixed costs of production are the fixed costs of producing the product and the fixed…
This example is a great way to look at how an increase in opportunity cost could be a good thing.…
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