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How dose PPC help, illustrate the basic economic problem?
can average labor productivity fall even though total output is rising
why is the point outside the production possibility curve(PPC)called unttianable
why diminish MRS?
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Which assumption of Classic OLS does this model violate?
Functions of money in any modern economy: A medium of exchange: Money facilitates the exchange of goods and services because, people exchange the goods and services they produ
Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different
Indifference curve definition
its elements , scope calculation
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