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How solve central problem of economy in mixed economic system?
Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
the definition of exceptional supply curve
What should be the decent/appropriate growth rate in any country? Answer: A growth rate of among 2-3% is considered normal for mature developed countries; for LICs, 5-7% is
Consider an economy with three states. The following set of stocks is traded: x 1 =(2,2,0) x 2 =(1,0,3) x 3 =(0,2,4). The t=0 prices of these stocks are given as follow
Consider a non-renewable resource. There are two periods, now and later. The demand curve in each period (t = 1, 2) is Qt = 10 - Pt. The stock of the resource is 10 units. Extracti
what is tariff and qouta
a) Explain the conditions under which a monopolist is able to price discriminate. b) Demonstrate the relationship between a firm's marginal revenue function and its relationship
what is discounting principle?
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