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An individual derives utility from consuming goods X and Y according to the following estimated utility function U = 12X 2/3 Y ¼ X and Y are quantities (units) of
how can draw the table and diagram of production function function with one veriable
Explain how Monetarist economics views the role of markets and government intervention in fighting business cycles. Monetarist economics believes that the government should fol
appraise baumol`s sales revenue maximazation theory as an alternative of the firm
factor influencing quantity supplied
The raspberry growing industry is a perfectly competitive industry. The firms in the industry have a U-shaped LAC, minimum average cost is $8 and the minimum efficient scale is 4 u
What is the theory of Second Best? Prove the theorem with the help of a diagram.
The prevention of major swings in economic activity can be handled most easily by the
if australian governmrnt imposed a sales tax on petrol by $0.25, then the price of petrol will rise by 0.25. consumers can not get by without petrol, so they have to pay the whole
how do I determine the profit-maximizing quantity of a firm for different market prices when only given TFC, TVC, and the market price
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