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I wont final Exam
#question.explain three neccessary condition to achieve pareto efficiency.
diffence b/n fixed and variable input
Define Nash equilibrium
HOW TO REDUCE SMOKING USING INDIFFERENCE S AND BUDGETLINE
If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
Describe one case that fits the story of Prisoner Dilemma in not more than 10 sentences. It should fit the following features and it should not be any of the examples we already ta
describe returns to scale and give examples of each.
What is average revenue and average revenue curve Average Revenue: The average revenue is the total revenue separated by the level of output. It is therefore the price.
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
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