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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.
Suppose that two anti-marijuana proposals are currently being debated in Congress. Proposal I will reduce the supply of marijuana and cause its price to rise by 7%. Proposal II wil
Question 1: (a) Describe the three different ways of calculating national income. (b) Does the National Income figure accurately reflect the living standardof a population?
veblen effect
WITH reference to incidence taxation,explain with the help diagrams,who bears the incidence of taxation when the demand for a commodity is perfectly inelastic, perfectly elastic an
How to prepare an assignment of Monopoly in economics#Minimum 100 words accepted#
Variability - The extent to which the possible outcomes of uncertain event may vary * Variability: A Scenario - Assume that you are choosing between two part time sales
#questionr
In theory, we know that a monopolist basis its price directly off of the demand curve, but in practice a monopolist cannot ''see'' the demand curve. Explain how a monopolist might
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
List and describe the determinants of the price elasticity of demand and of supply.
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