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how does the charging the monoply a specific tax per unit affect the monopoly optmum and 5the welfare of consumer
Financial relationship with the IMF: IMF provides temporary assistance to member countries to tide over BOP deficits. When a country requires foreign exchange, its tenders its
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
Substitution Effect - The substitution effect is change in an item's consumption associated with the change in the price of the item, level of utility held constant. - Wh
marginal utility is applied on money or not
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
expansionary fiscal policy occurs?
Average product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable facto
Phillips Curve and Inflation-Unemployment in policy making : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in ad
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