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OBJECTIVES OF GOVERNMENT
Government policies are required in market economies to achieve certain goals. There are broadly two types of government policies viz;
p=10, TC= 1000+2Q+.01Q^2, Q=?
Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia.
what is meant by equi-marginal concept
Another vital relationship that is often referred to in economic analysis is the relationship between consumption expenditure andprice elasticity. From the law of demand, we know t
Problem: (a) (i) Assuming that a household uses a subjective discount rate of 10%, calculate the amount that she must spend on consumption per annum during her years of existe
Intended or planned Investment Expenditure on investment depends on business expectations on the chance of making profits and on the availability of funds for the purchase of p
Neoclassical Theory The neoclassical theory of economic growth began its career in the fifties and since the mid fifties a sizeable literature has developed. The theory largely
how equilibrium output can be find in williamson model
Discount Rate (Bank Rate) This is the rate on central bank advances and is also called official discount rate or "minimum lending rate". When commercial banks find themselves
Why do the managers in marris model maximise their satisfaction by choosing a higher growth rate and a lower valuation ratio when compared to the profit maximisation
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