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A film studio in Hollywood produces movies according to the function q = F(K;L) = (2=100)K^0.5L^0.5 In the short run, capital (studios, gear) is xed at a level of 100. It costs $
consumer equilibrium by indiffrence curve approach
Micro economics is the study of individual unit of an economy
what is Microeconomics?
discuss utility
explain economic growth
Discuss the concept of dynamic multiplier
what is the assumption of the model ?
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
analyse the rise and fall in the price under market equillibrium situation?
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