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"Long run is a misleading guide to current affairs. In the long run we are all dead."
J.M. Keynes
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Unsustainable fishing in the South Atlantic
The scale of unregulated fishing in a disputed region close to the Falkland Islands (Malvinas in Argentina) in the South Atlantic has reached...
Japan raises its interest rate from -0.1%
The Japanese Central Bank - Bank of Japan has increased its baseinterest rate for the first time in 17 years in an attempt to tighten monetary...
Subscriber commentsSee all
- The subsidy is $1 per loaf of bread and the equilibrium output to 25,000 loaves. The benefit of the subsidy is shared equally by producers and consumers, so both consumers and producers each receive 0.50p x 25,000 loaves i.e. $12,500
- hello, please can you explain f(i) and f (ii)? as I am confused about those calculations, also I have only ever seen questions asking for the change in consumer surplus or producer surplus but not the consumer or producer benefit? thank...
- Can you send a screenshot image Rhianna, I have just tried the link again and it works on my computer.
- the image of the broken pdf file and lines of text