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what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
RECENT DEVELOPMENT IN DEMAND ANALYSIS: For many years economic theorists analysed the optimal behaviour of consumers while econometricians estimated consumer demand and expend
Q. What do you mean by Externality? An externality exists when the actions of one individual affect the wellbeing of other individuals without any compensation taking place. F
Tax Policy Implementation: Take, e.g., the case of tax policy. It attempted to raise resources by a combination of direct and indirect taxes to finance a large part of increa
how do you calculate opportunity cost
Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.
what are the solutions to cost push inflation
an introduction to cross elasticity of demand?
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?
Explain the detail central problem of an economy?
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