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Maurice has the following utility function: U (X; Y ) = 20X + 80Y ?? X2 ?? 2Y 2 where X is his consumption of CDs, with a price of $1, and Y is his consumption of movie videos, wit
how to calculate the volume of exports? or what is the definition?
NEER Vs REER: In a situation where there are multiple trade partners, the effect of cross-currency movements are judged by nominal effective exchange rate (NEER) and real effe
National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo
critical of comparative advantage theory
Given the cost function as C=0.3Q3 -2Q2 + 13Q + 25, find the supply function.uestion..
explain abnormal profits and normal profits
STETE THE THEORIES OF DETERMINATION OF RENT
1. Describe why government regulation is required, citing the major reasons for government involvement in a market economy. 2. Justify the rationale for the intervention of gove
1. What is a resource market? 2. Describe resource demand and resource supply. 3. Define derived demand. 4. Describe the resource market demand and supply curve. 5. Define a te
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