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In an updated GDP that contains household production, how would the purchase of a car or appliance for household use be treated?
A car or appliance would be treated as a household investment rather than a consumer durable, and could be have in the category of investment.
using the tools of an indifference curve and isoquent, highlight on consumption and production in business economics.
Explain the figure of say''s law of market
if the Japanese yen appreciates against the U.S. dollar, do the Japanese businesses gain by a decrease in the dollar price of exports to the United States
friedman and savage hypothesis
There are 2 brands of cell phones that are almost identical except for some minor features: the A-Phone and the Pomegranate. Part I Draw the demand curve for the A-Phone. Explain
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
opportunity cost
"Take a monopolist with a constant average cost. The higher is the elasticity of demand at the chosen monopoly price, the higher is the monopolist's profit-to-revenue ratio." Expla
ways of imroving productivite
introduction of this model
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