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Supplementary Reserve, Requirements/Special Deposit If the Central Bank feels that there is too much money in circulation, it can in addition require commercial banks to mainta
Marginal Utility The extra utility derived from the consumption of one more unit of a good, the consumption of all other goods remaining unchanged. The hypothesis of dimin
Income Elasticity of different consumer goods Commodities Coefficient of income elasticity Impact on expenditure Necessities
1. The price of a CD (PC) is $10 and the price of a DVD (PD) is $20. Philip has his income (M) of $100 to spend on the two goods. Consider three consumption bundles: (C, D) = (2, 3
discuss baumols dynamic models
Discuss whether Indian Consumer goods industry is growing at the cost of future Profitability.
Suppose that the government is the only provider of water. The market demand function reads D: Q(P) = 50 - 2P. The government''s total cost for producing water are described as fol
wHAT IS THE SIGNIFICANCE OF EXPECTATION ELASTICITY ?
explain baumol''s sales maximisation model in detail
Q. Explain the Efficiency wage model? Efficiency wage models such as Shapiro and Stiglitz (1984) suggest wage rents as an addition to monitoring, because this gives employees a
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