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The following is the information from the national income accounts for a hypothetical country: GDP
x=40-0.2p where x=x1+x2 c1=50+2x1+0.5x1 c2=100+10x2
neoclassical
INTERDEPENDENCE OF MACROECONOMICS AND MICROECONOMICS In microeconomics, the underlying assumption is that the total output, total employment and total spending are given. It th
give and explain national income variation
You need to choose between two replacement compressor options. One costs $6400 and is 70% efficient. The other costs $9800 and is 85% efficient. Both have an average life of 8 year
40
"Subsidizing the price of milk or other agricultural products is not very expensive considering how many consumers there are in the United States. Therefore, there is little harmfu
it has been argued that economic development of developing countries has been held back by a persistent fall in the terms of trade of developing countries over the long run
explain the model
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