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Stackleberg Model : is another attempt at understanding the strategic decision making of oligopolistic firms. It derives its name from Heinrich Freiherr von Stackelberg whose brain
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What are the properties of compensared demand function
Suppose there are two countries (home and foreign) and that two goods can be produced within those countries: machinery (M) and bread (B). Marginal product of labor (MPL) is given
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
bains limit theory
1. By using the Production possibility Curve (PPC), analyze the microeconomic theories such as scarcity, choices and opportunity costs. Provide relevant graph with numerical exampl
what is discounting principle?
baumol''s sales maximasation model
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