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How has the Harberler''s theory of opportunity cost an improvment over the classical theory of trade?
In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.
what is micro economics
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
Average Fixed Cost (AFC): AFC is the fixed cost per unit of output. AFC = TFC/y Since the TFC is constant throughout the short run, as y increases AFC will decline. Therefore
Topic: Please choose a case study in water related area and analyse it from at least two angles (or more) by examining the technical side as well as the economical, social and poli
What are the income and cross elasticities of demand? Why might they be useful? Explain.
Problem 1: a. Use the circular flow model to explain the concepts of injections and withdrawals. b. Explain the concept of budget multiplier. c. Using the concept of mult
Labor cannot be divided from the human being who provides it. The result of the inseparability of labor from the people who gives it, is that the wage for the last hour worked mus
Consider the model of corruption explored by Shleifer and Vishni’s where there is one government-produced good X. There is a demand for that good described by the inverse demand eq
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