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Application of Revealed Preference Approach
It has been strongly argued, especially by Sir John Hicks, that one major advantage of revealed preference theory is that it is explicitly designed to allow econometricians to make use of it. Above all, econometric studies suggest that the conclusions of the theory are realistic. For executives, the consumer behaviour model forms a basis for advanced courses of marketing.
Q. Simultaneous determination of Y in the IS-LM model? Simultaneous determination of Y and R in the IS-LM model By combining IS curve and LM curve, we can graphically e
Write a one paragraph summary and three paragraphs that take the information in the article and relate it specifically to the circular flow model and the supply and demand curves.
What is top marginal rate of taxation?
Singer suggests that although the right to sell blood does not threaten the formal right to give blood, it is incompatible with "the right to give blood, which cannot be bought, wh
if we impose any rule and regulation on clasical model like not expoit polutionso what is effect on factor of clasical model
1. Lake Kickapoo, TX, is approximately 12 km in length by 2.5 km in width. The inflow for the month of April is 3.26 m3/s and the outflow is 2.93 m3/s. The total monthly precipitat
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how can a country maintain equilibrium GDP with foreign trade?
suppose that a persons wealth is kshs. 50,000 and her yearly income is kshs. 60,000. suppose further that her money demand function is given by Md = y(0.35-i) where i= interest
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