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5.Why are the minimum wage laws needed? 6.How would the demand for gasoline be affected, if there is a drop in its price? 7.What happens
5.Why are the minimum wage laws needed?
6.How would the demand for gasoline be affected, if there is a drop in its price?
7.What happens when a business's costs are more than its
revenue?
Explain the difference between the implicit and explicit costs.
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