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using the tools of an indifference curve and isoquent, highlight on consumption and production in business economics.
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
limitations
Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produc
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Functions and Resources of the Bank The main functions of the Bank are as follows: • to assist in reconstruction and development of the territories of it member-governmen
what does production possibilty curve means?
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b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
price effect
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