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How are consequences of economists used?
Economists generally use efficiency, information, equilibrium and incentive compatibility like focal points, and examine the consequences of different economic mechanisms onto the behavior of agents and economic units, demonstrate how individuals reach equilibria, and estimate the status at equilibrium. Analyzing an economic problem using this basic analytical framework has not merely consistence into methodology, but also within acquiring surprising but logically dependable conclusions.
substitution and income effect on inferior good
Ask question using health care as an example explain how markets fail due to different types of externalities arising from jointness in production and consumption
once vaccinated,a person cannot catch a cold or give a cold to someone else. As a result,the marginal social benefit resulting from consumption of the vaccine.
what is the theory of second best? prove the theorem with the help of a diagram.
law
What is a Market? Markets A geographically stated area where buyers and sellers interact or communicate to decide the price of a product or a series of products. Marke
why is elasticity important for beachfronf properties
What is Economic Depreciation?
Describe Dalton''s law of partial pressures, specification of Dalton''s law of partial pressures, Dalton''s law states that, at a given known temperature total pressure exerted b
explanation of sources of finance to business enterprises in Nigeria
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