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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.
What is What is Critical Temperature? Why Critical Temperature is Specified in Equation? Describe critical temperature specification...
what is risk diversifications
Q=2h find the marginal point. where q is the quantity of electricity in MW-h and h is the amount of water (in 100s of liters per hour)
Time is a significant determinant of price elasticity. If a price changes, it might take consumers a certain amount of time to discover alternative lifestyles or commodities to ac
three marginal conditions of pareto optimality
Explanation of the Break in Trend: An economy can grow in three different ways or all three ways may work simultaneously: 1) Horizontally, i.e., it may go on producing m
When does deadweight loss occur to society? Applying consumer and producer surplus the efficiency costs of a tax: A tax causes a deadweight loss to society, since less the g
What is meant by non Price Competition? In which market structure does it exist? None price competition is an effort put by the supplier to earn extra profit without enhancing
Consider a two-period economy with a single commodity (say leisure): x1 is the con- sumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter ev
What is the difference between MRTS & MRS?
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