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Micro Economics
1. Discuss the short-run cost-output relations.
2. Write a short note on pure competition.
3. Describe excess profit criterion.
4. Discuss the various ways by which rival firms may react to change in price made by one firm.
5. Explain the effects of taxation on the equilibrium of a firm.
6. Write a short note on imperfect competition in the factor market.
Two people are engaged in a joint project. If each person i puts in the effort xi, the outcome of the project is worth f(x1, x2). Each person’s effort level xi is a number between
Employment The calculations of human input in the production procedure. In the United States, there are two major measures of employment, as determined by the Bureau of Labor
what is the application of consumer surplus
meaning and characteristics of plural sense and singlural
Question 1: Tourism is often seen as a way of generating income, particularly foreign exchange. The economic spin-off effects are viewed as the most important aspect of touris
how can we bring in the marginal propensity to consume
Consider the model of corruption explored by Shleifer and Vishni’s where there is one government-produced good X. There is a demand for that good described by the inverse demand eq
cartels model of collusive oligopoly
Reasons for development planning: To maximize the utilization of economic resources: The resources of any nation are not always enough for her use. In this wise, resources mus
the fours laws of chemical combination
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