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There are many ways to measure the national income. a) List at least 5 of themk question #Minimum 100 words accepted#
You have a choice between a lottery lump sum payout of $10,000,000 today or a series of 25 annual annunity payments the first payment will be one year from today ad a discount rate
Explain the term production function in the economics. Production Function A production function is the association between the quantity of inputs a firm utilizes and the qu
COMPARE AND CONTRAST KEYNESIAN THEORY AND CLASSICAL MODEL
Here from a), profit maximizing price = 7 and Q = 10. It is shown in the figure below:- The consumer surplus is shown in blue area which is given as (9-7) *10*1/2 =10 dolla
Do you think that public administrators should be restricted to only laid down rules in the discharge of their duties as espoused by Max Weber or should they have some amount of di
What are the 4 scarce, factors of production and what is a description of each of them. What are the costs to these resources?
How can achieve mutual gain from international trade?
What are the requirements for something to be considered money? Why does the dollar have value?
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