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income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
Amartya Sen''s concept of poverty and welfare.
How elasticity is always referred to as a positive value even though it can be negative? In economics, elasticity is measures of the incremental percentage change in single va
What is the distinguishing characteristic of institutions in the public purpose sphere? The distinguishing characteristic of institutions in the public purpose sphere is that t
4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector
How might an accurate value for the multiplier aid a government in setting fiscal policy? Any given multiplier will enhance national income at a given rate times enhance in gov
What is checkable bank deposits?
Perfect competition: Perfect completion refers to the market structure in which there are a large number of relatively small firms, each firm having freedom of entry into and
Risk Aversion and Income - Variability in potential payoffs increases risk premium. - Example: A job has a .5% probability of paying $40,000 (utility of 20) and a 5 p
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
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