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Principle Agent Problem [Dealing with hidden action] Assume that the employer (principle) wants its employee (agent) to work hard [You can safely assume that this maximizes th
Inverse Demand Function: If variable factor prices changes, then the isocost line will tilt and consequently, the optimal factor requirement will be different. Suppose the wage rat
Reducing Risk Three methods consumers attempt to reduce the risk are: 1) Diversification 2) Insurance 3) Collecting more information
why does economist agree or disagree?
fig2.3 elaplanition of sales maximisation
what is the significance of the Loucas critique in political economy?
quasi rent theory
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alternative theories of trade
characteristics and models of oligopoly by Sweezy,cournot and edgework
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