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why use GNP in macroeconomichs analysis
Problems Using Point Elasticity - We may need to compute price elasticity over portion of demand curve instead of at a single point. - The price and quantity used as base wi
Use a PPF to explain the difference between actual and potential growth. The PPF shows possible output, taking into consideration all factors of production - but de facto outpu
williomson''s model of managerial discretion
Does the curve represent if the risk is NOT taken and the line connecting two points on the curve represents if the risk IS taken?
explain diagrammatically the bains model of limit pricing.
1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy? (3) Who are the main economic players
use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labour on an increase in immigration..
Dynamic model
characteristic of duopoly
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