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Five uses of elasticity on the Public Sector and five uses of elasticity on the Private Sector.
An economist's view of costs contains both explicit and implicit costs. Explicit costs are accounting costs, and implicit costs are the opportunity costs of an allocation of resou
what is linear programming
identify which curve (demand or supply) will be affected?
what is ''Prisoner''s Dilemma'',of non-cooperative game?estion..
Consider a television manufacturer based in Korea. It produces TVs in Korea at a total cost of Y 2 + 2 Y where Y is the number of televisions they produce in Korea. It can als
different types of production funtion and curve given by different economist
why diminish MRS?
Perfect competition: The behaviours of firms in perfect competition. It should be noted that firms that fit into perfect competition model are very rare in real-life situation
Evaluation of the WTO: The WTO is different from and an improvement over the GATT in the following respects: • The WTO is more global in its membership. • The WTO ha
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