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why we study micro econmics?
economists would predict that if salaries increased for engginieers and decreasded for mba braduates that fewer people would go to graduate school in business and more would go in
In June 2009, Textile co. (a domestically located firm) purchased 1000 yards of cloth from India (a foreign country) for $1000. Textile co. hired Elizabeth and paid her $5000 to s
NEER Vs REER: In a situation where there are multiple trade partners, the effect of cross-currency movements are judged by nominal effective exchange rate (NEER) and real effe
what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
would a rational producer be concerned with the average or marginal product of an input in dec
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
critical of comparative advantage theory
Development: Economic development is the process through that a country's economy expands and improves in both qualitative and quantitative terms. Economic development requires co
In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.
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