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Assume you go to the market to buy apples (x1) and oranges (x2) and discover that the price of apples is 1 euro per unit and the price of oranges is 1 per unit when you buy less th
a) Explain the perverse incentive. b) What makes the incentive perverse? c) How could the incentive makers better the incentive?
What is elasticity of supply
Question 1 Identify the basic postulates of economics Question 2 Discuss the role of price mechanism Question 3 Explain the shape and application of Engel curve
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
WHAT ARE THE COMPONENT OF ECONOMICS
Assume in the Solow growth model that s=.25, n=.02, d=.08, and f(k)=k^3. A) Assume that z=2. What is the steady state level of capital per worker and consumption per worker?
Ask question #what is an indifference curveMinimum 100 words accepted#
suppose a firm''s total revenue depends on the amount produced (q) according to the function R= 70q-q2 total cost dependson q: C=q2+30q-q2
If the Bank of England wanted to discourage investment spending and reduce aggregate demand, it could?
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