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Suppose the utility function is given by: u(x,y) = 3x+4y. What kind of goods are X and Y and what is the MRS?
Explain the production function and discuss why it is important? Explain diminishing returns to an input and give an example? Discuss why a firm's cost curve might be different in
If the reserve bank wants to pursue a contractionary policy, what should it do?
Why might external economies of scale be of interest to developing countries?
give and explain national income variation
what is credit multiplier?
You have 300 right now. You invest into an account and 12 years later your investment will be 8 times of the initial investment. What the investment rate if a) The bank pays sim
what role does interst rate play in refernce to output?
list and discuss the major markets and four agents in the circular flow economic?
What is the amount of five equal annual deposits that can provide five annual withdrawals, where a first withdrawal of $1500 is made at the end of year six and subsequent withdrawa
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