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How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump
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Methodology of econometrics involving three stages 1. Specification of the model using a specific stochastic equation, together with a priori theoretical expectations about th
Demand is defined as a schedule of the quantities fo good that will be purchased at various prices similarly the supply refers to the schedule of the quantities of a good that will
explain bains model of limit pricing
Why is the goal of stability and security important to many people? What problems typically emerge during periods of instability? The instability over the business cycle can b
graphical illustration describing the influence of an increase in immigrants on the market supply of labour
its elements , scope calculation
how does the prices system affect a country
7.Consider the following production possibilities table: Option Y X A 0 100 B 80 80 C 120 50 D 140 10 a)Provide a measure of the approximate marginal opportunity cost of
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