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title
Class Wargames
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Introspection on economics with a slant towards a more equitable distribution of wealth, income, and resources.
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2026-02-18 15:18:21
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Class Wargames skip to main | skip to sidebar Class Wargames Introspection on economics with a slant towards a more equitable distribution of wealth, income, and resources. Wednesday, May 27, 2009 Law of supply & ROI expectations Today, my doubts regarding the collective wisdom of the economists concern the law of supply. In particular, I have my doubts about its monotonicity , as it has been presented to us. (Technically, I have my doubts that price P even can be a proper mathematical function of quantity Q at all, due to the vertical line test, though I think Q might always be a function of P.) This may well be just a case of simplification for a basic macroeconomics class, but it seems worth looking at anyway. In particular today, I'm considering the possible effects of ROI expectations and attempts at achieving monopolistic dominance on the supply curve. Again, we return to Wikipedia for the basic definition (and assume you know basic law of supply and mo...
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10 - haloscan.com, eoearth.org, purl.org, netvibes.com, econbrowser.com, fistfulofeuros.net, nakedcapitalism.com, marginalrevolution.com, spreadfirefox.com
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