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indifference curve for the demand for big macs
Fiat money is what is regular in modern economic systems. Fiat money is money that is described as legal tender by either a government or some organization with the authority to e
Unemployment Rate A measure of labor force utilization the unemployment rate is equal to the number of people which is unemployed as a percentage of the total labor force.
Allocation Function The shifting or reallocation of production property into or out of markets based on shifts in prices for the products or services produced in that market.
Managerial theories of the firms
criticisms of monopolistic competition
Prove the theory of second best with the help of a diagram
optimal contracts under symmetric information
Production with Two Variable Inputs * There is relationship between productivity and production. * Long run production K& L are variable. * Isoquants analyze and compa
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
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