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The Snob Effect - If network is negative externality, a snob effect exists. * The snob effect refers to desire to own unique or exclusive goods. * The quantity demanded o

Marris model, explain marris model of the managerial enterprise

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Types of restraints and validation therapy, 1. Mrs Munyarryun, 67 years, ha...

1. Mrs Munyarryun, 67 years, has been retired from her work for two years. She rings for advice about urinary incontinence, a problem she has experienced over the last 6 months. Wh

MR, prove that the utility approach and the indifference curve approach yie...

prove that the utility approach and the indifference curve approach yield the same consumer equilibrium

Distinction between human capital and resource and manpower , Distinction b...

Distinction between Human Capital and Resource and Manpower Health and education are normally considered as human capital. Health includes both physical health and fitness. E

The lower the value MR of monopolist ,

Brief answer, what is ''Prisoner''s Dilemma'',of non-cooperative game?estio...

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Market failures - rationale in era of globalisation, Market failures (eve...

Market failures (even when they do not have international external effects) i) Self-fulfilling bank runs, government debt runs, currency crises. ii) Liquidation costs of li

Determine the consumer surplus and the average price per cup, Suppose the d...

Suppose the demand curve for a consumer for coffee is: Q = 6 – 2P, where Q represents the number of cups per day and P is the price of coffee per cup.  Question: Sppose the co

Theory of production and cost, 1.A firm producing Golf sticks has a prod...

1.A firm producing Golf sticks has a production function given by Q=2v(K L) In the short run, the firm’s amount of capital equipment is fixed at k = 100. The rental rate for k