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Outline four limitation of game theory?
differentiate between normative and positive statements in economics with the help of a statement
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discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
Q. Explain General Equilibrium? General Equilibrium: Neoclassical economics presumes that production, employment, investment and income distribution are all determined by a con
Examples
Managers: Top directors and managers of larger companies who are assigned the task of organizing disciplining workers, initiating production and accounting to shareholders for perf
economic problems are faced by all types of economies but they are dealt with differently in different types of economies.discuss
Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.
illustration for demand of big macs using indifference curve and budget line
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