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Explainbainlimitpricetheory
explain why policies for promoting market competition are desireable
Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is
definition of abnormal isoquant and normal isoquant
Consider 2 firms i=1,2 producing quantities q1 and q2 respectively. Let the market price be given by P=a-b(q1+q2). Firm 1''s Marginal cost c is common knowledge but 2''s cost is no
Explain what the natural rate of unemployment is. It is necessary here to include a solid explanation based on economic concepts. The natural rate of unemployment is the rate o
discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
What does economic theory contribute to managerial economics? Explain
Increasing returns to scale and decreasing returns to scale: Increasing returns to scale occur when increases in all inputs by a certain percentage cause a relatively higher p
What are the causes of inflation? Define inflation as a steady enhance in the general price level. Then, there are, well, two and a half basic reasons: 1) Demand-pull infla
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