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Give two factors that lead to the price of energy from new technologies to increase.
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- What is the meaning of micro economicsAs an economist how will you evaluate the income effect on the technologySuppose that you got up early this morning to buy a concert ticket for your favorite band. You had to log in to their website and wait in a queue for 20 minutes to access the online sale, but you were ultimately successful in buying two tickets for $45 each. The show sold out minutes later. What is the true cost of attending the concert?
- In many areas, the cost of real estate is increasing at an increasing rate. Many homes are being sold at prices higher than the asking price. Using your economic lens, why is this happening? Will this trend continue?What is aresource? the result of choices made by business firms the result of scarcity in the economic system anything people use to make or obtain what they need or want a physical object that can be purchasedWhat is efficient quantity
- In your own words, why isn't the cost of producing a product sufficient to predict its market price?What occurs when the cost of producing a range of products is lower than the cost of producing each product individuallyHow has technology eased the task of assessing actual food costs and actual beverage costs?