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what is le''chatliers principle?
Question 1: i) Derive and explain Harberger's (1954) welfare loss estimates of monopolizing a perfectly competitive firm. ii) What are the roles of advertising? Can it lead
what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
Explain about the integrability problem. The Integrability Problem: Provide a system of demand functions x(p, m). Is there essentially a utility function by which such deman
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
example of cournot model
identify which curve (demand or supply) will be affected?
in the case of a decline in velel of private investment spending, why the effect on equilibrium output exceeds the magnitude of the initial shock? also, what are the effects of th
social welfare ordinal
a reduction in investment spending would lead to
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