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Consider a family saving function for the population of all families in the United States: sav = β 0 + β 1 inc + β 2 hhsize + β 3 educ + β 4 age + u where hhsize is househol
Explain what the phrase “price rationing” means. Price rationing is the method by which the market system assigns goods and services to consumers while quantity demanded exceeds
demand: Qd=100=Px supply: MC=10+1/2Qs assume first that this firm operates in a perfectly competitive market. find the price and quanity in this market.
what is comparative advantage
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
consumer surplus fot tea
How we constract the cost structure of firms
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
Economic policy efficiently: The reason for poverty and misery in the developing countries is not essentially the lack of potentialities or resources, human or material, but t
what the company do?
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