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Illustrate about the imposition of behavior assumptions in analytical frameworks of modern economics?
Imposition of Behavior Assumptions:
The second one step for studying an economic issue is to create assumptions onto individuals’ behavior. Making suitable assumptions is of basic importance for obtaining an important economic theory or assessment. An important assumption modern economics makes regarding an individual’s behavior is which an individual is self-interested. It is a main dissimilarity between individuals and the other subjects-topics. The self-interested behavior assumptions are not merely reasonable and realistic, but also have a minimum risk. Still this assumption is not appropriate to an economic environment; this does not cause a big trouble to the economy even though it is applied to the economy. The rule of this game designed for self-interested individuals is probable also appropriate for altruists, but the reverse is probably not true.
Explain how oligopolies can work both for and against consumers. Oligopolies market power can of course work against consumers - as price-setting and any form of collusion will
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how advertisement affects the sales revenue of a form
what is disposable income and its importance.
The Money Creation Process is explained below: We can now study the money supply or the creation process. Suppose the government wishes to buy pencils worth Rs. 10 for the offi
I need to write an essay about industrial and labour relations ( at most 5 pages ) Deadline is in a month. I would like to know if your tutor can do that and how much it costs.
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in the keynesian model the price is assumed to be what? a.exogeneous and remaaining constant b. endogeneous and remaining constant which is correct?
true or false ,It is not possible for the compensated own price elasticity to equal the uncompensated own price elasticity.uestion #Minimum 100 words accepted#
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