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What are expansionary and contractionary effects? Expansionary effect refers to the effect of raising the equilibrium level of national income. For example, an increase in gov
what is le''chatliers principle?
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critically evaluate the two main utility theories
my q is dat how can we find mathematically dat a production function is concave?
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
how is price and output equilibrium determined in Williamson''s model of managerial discretion?
1. Implicit and explicit revenues minus implicit and explicit costs equals: A. accounting profit. B. economic profit. C. zero profit. D. implicit profit. 2. A business owner mak
Derivation of compensated demand curve: Hicksian compensated demand function for x 1 is given by x 1 =x 1 (p 1 , p 2 , U), where Hicksian compensated demand curve for a good
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