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Problem 1: a. Describe the concept of opportunity cost, using the production possibility curve. b. What are the fundamental problems of an economy? Describe how the command
#question. what is the underlying reason for the law of increasing opportunity cost?
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Define Nash equilibrium
What is third degree price discrimination? Explain with case analysis,give two successful & unsuccessful cases of 3rd degree price discrimination.
what is traditional economy 2 features of traditional economy
I purchase a used stove for $155 when I was willing to pay $185. If a new stove costs $375,what is my consumer surplus
This is also known as sales force Opinion Method. In this method instead of consumers the opinion of the salesmen is sought. It is sometimes referred as the grassroots approach as
explain 6 factors that determine volume of production
Assume that in the market there exist two types of workers where the principle cannot distinguish types. The two types only differ with respect to the disutility of effort. The dis
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