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List and describe the determinants of the price elasticity of demand and of supply.
CONSUMER CHOICE INVOLVING RISK: The traditional theory of consumer behaviour does not include an analysis of uncertain situation. Von Neumann and Morgenstern showed that under
write down the assumotions and importance of game theory
0.767 g of phosphorus and 0.650 g of chlorine were allowed to react. After the reaction was complete, all of the chlorine had been consumed, but 0.650 g of phosphorus remained. How
what do we mean by The narrowness of definition of the commodity.
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
describe who gets hurt in a recession, and how.
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
Critically appraise the IS-LM and the AD-AS models as analytical tools in explaining the macro-economy (the business cycle). In preparing your essay, please think about the followi
if tc is 200 what will be marginal cost?
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