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GDP Growth, Employment and Poverty: The advocates of economic reforms point out that the reform process has the potential of accelerating economic growth. After the teething t
what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
Market failures (even when they do not have international external effects) i) Self-fulfilling bank runs, government debt runs, currency crises. ii) Liquidation costs of li
Assume the United States exports 1000 computers at a price of $3000 each and imports 15 UK autos at a price of 10000 pounds each. Assume that the dollar/pound exchange rate is $2 p
how do minimum unit costs change with changes in fixed cost?
Mathematical Presentation of Utility maximisation: Consumer's objective is to maximise her utility by solving UMP. To solve UMP, we set the Lagrange function of the correspond
bain''s model of limit pricing with diagram
what is comparative advantage
explain the concept economies/diseconomies of scale and minimum efficient scale
cars:0,2,4,6,8 tow truck:30,27,21,12,0
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