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Deviation
- Difference between the expected and actual payoff
- Adjusting for the negative numbers
- The standard deviation measures square root of average of squares of the deviations of the payoffs associated with every outcome from their expected value.
- The standard deviation can be given by:
What is hyper inflation? How it can be reduced? Hyper inflation means that prices of the consumable goods are very high. Prices can be decreased by supplying more goods in th
Ask question how do I find the Price
typical assumptions
using the tools of an indifference curve and isoquent, highlight on consumption and production in business economics.
optimal contracts under symmetric information
Nations trade what they produce in excess of their own consumption to:
The most fundamental economic problem is scarcity.
Why narrowness of definition of a commodity may influence price elasticity of demand
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Assume you see that two macroeconomic variables are correlated with each other. But you want to know if there's an underlying or causal relationship between the two variables. Wo
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