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What are the most important challenges that economists try to address? (ii) What is the role of government in a market based economy? (iii) Who are the main economic players and w
How dose PPC help, illustrate the basic economic problem?
how can draw the table and diagram of production function function with one veriable
How we constract the cost structure of firms
Use a PPF to explain the trade-offs that all economies face. All countries must construct some sort of system whereby output, allocation and distribution of goods is decided.
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LONG PERIOD ANALYSIS: Long period refers to a time when all the factors are variable. Earlier in the short period analysis, we had considered capital (K) to be fixed factor. H
why diminish MRS?
Explain three major barriers to development experienced by developing countries. Well, the scope of possible answers here is, em, wide, to say the least. The issue is not to si
risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation
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