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Maximizing Your Gift Giving Returns

Deadweight Loss of Gift Giving> Came across an interesting article that discusses Christmas gift giving from the perspective of economists. Why bother giving a $100 gift to someone who will only appreciate it at $50? There is a loss of half of a Christmas gift, can we...

Merry Christmas From DiscussEconomics

All the moderators from DiscussEconomics would like to wish all our users and readers a very Happy and safe Christmas. Yes, we called it Christmas, you festivus poles can sit on it. 😛 Also, please have a Happy New Year and don’t forget to bookmark...

Diminishing Marginal Product of Labour

The assumption of diminishing marginal product of labour means that, in order to work more, workers must be offered a higher real wage. We can use this assumption to derive the labour demand curve. This concept, the amount that output increases for a unit increase in...
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