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The prevention of major swings in economic activity can be handled most easily by the
why use GNP in macroeconomichs analysis
Technical Economies: They are economies that accrue from the use of large machines with emphasis on full utilization and efficiency in production. First, there are some equip
characteristics and models of oligopoly by Sweezy,cournot and edgework
GDP Price Level At the equilibrium level of income aggregate spending in the economy equals aggregate output. All along, we have assumed that the general price level remains un
how do I explain the hicksian and slutsky theory of consumer behaviour in an examination
Arc Elasticity of Demand - Arc elasticity calculates elasticity over the range of prices - The formula of it is: * Arc Elasticity of Demand: An Example
prove that the utility approach and the indifference curve yield the same consumer equilibrium.
Individual demand curves for two perfectly competitive market TC1=10q1+1/2q1^2+100 = firm 1 TC2=10q2+q2^2+100
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