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Aggregate Supply
When referred to in the circumstance of GNP or GDP, aggregate supply refers to the labor and capital needs to proceeds the level of products and services needs to meet aggregate demand.
ways of imroving productivite
The Concept of Money: Money or paper currency serves three functions in any case: it is the medium of exchange, a store of value and the unit of account. Before paper money was
how to find total revenue total cost approch in equilibrium firms
Gross Domestic Product, Deflator: A price index that adjusts the overall value of GDP according to average increase in the prices of all output. GDP deflator equals the ratio of no
what is the theory of second best? prove the theorem with the help of a diagram.
houthukkar analysis in micro economics
A major component of the costs of many large firms is the cost associated with ordering and holding inventory. If the yearly demand for the good is D and the size of each order pla
discuss how economic theory of marginal utility explains the optimum pattern of consumption for an individual consumer
A monopolist faces the inverse demand for its output: p = 30 – Q The monopolist also has a constant marginal and average cost of $4/unit. The government is seeking ways to collect
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
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