Why are some countries rich and other countries poor
At the beginning of the course we asked the question, "Why are some countries rich and other countries poor?" Write a 1-2 page answer to this question now that you have finished the course.
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Explain the sources of differences in ethics between people, companies and nations.
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What is the average fixed cost of producing 4 units of output? What is the marginal cost of producing the third unit of output? At what level of output does the firm encounter diminishing marginal returns? How do you know?
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