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Discuss the impact of rational self-interest on each of the following decisions
What are the main causes of unemployment? Two main paths are available; demand-deficient unemployment and real wage unemployment. After explaining unemployment (percentage o
Two firms produce a pollutant called Q. The total costs of reducing emissions of Q are as follows for Firm 1 and Firm 2, respectively: TC1=10+100Q12 TC2=20 + 50Q22. This means tha
They take deposits which mean borrow money and make loans which means lend money. The interest rate they pay on the deposits is less than the interest rate they charge on their loa
Explainbainlimitpricetheory
National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
baumol''s theory
Steel and aluminum production Steel Canada 500, France 1200 Aluminum Canada 1500, France 800 The maximum amount of steel or aluminum that Canada and France can produce if they full
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