microeconomics, Microeconomics

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characteristics of microeconomics

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Circular flow of income, Circular Flow of Income: The diagram sho...

Circular Flow of Income: The diagram shows Real Flow (goods and services) and Monetary Flow (Income and expenditure). The bottom pair of arrows depicts the goods market.

Model of corruption with theft, Consider the model of corruption explored b...

Consider the model of corruption explored by Shleifer and Vishni's where there is one government-produced good X. There is a demand for that good described by the inverse demand eq

Stock of durable goods on hand, Stock of durable goods on hand: If the...

Stock of durable goods on hand: If the economy has enjoyed an extended period of prosperity, consumers may find themselves well supplied with various durable goods, e.g. cars,

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Public Administration: According to L.D. White, "Public administration consists of all those operations having for their purpose the fulfillment or enforcement of public polic

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Determine the Slutsky Equation. Income-Substitution Effect: The Slutsky Equation A fall into the price of a good may have two sorts of consequences: substitution effect, whe

Balancing formulas, How do I balance this chemical equation: MgSO4*5H2O

How do I balance this chemical equation: MgSO4*5H2O

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What is cost analysis? Cost–benefit analysis known as CBA, sometimes known as benefit–cost analysis BCA, is a systematic process of calculating & comparing profit and costs of a pr

Functions and resources of the world bank, Functions and Resources of the B...

Functions and Resources of the Bank  The main functions of the Bank are as follows: •  to assist in reconstruction and development of the territories of it member-governmen

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