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How has the Harberler''s theory of opportunity cost an improvment over the classical theory of trade?
function with equation,variable,parameter
Explain in detail the concept of PPC with suitable eg.
Steel and aluminum production Steel Canada 500, France 1200 Aluminum Canada 1500, France 800 The maximum amount of steel or aluminum that Canada and France can produce if they full
Calculate Marginal Revenue
state 3 major assumptions which a production posibility is based
example of cournot model
Diffrence between price and Income elasticity of demand: Own price elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to a change in
Capital Gain: A capital gain is a form of profit which is earned on an investment by re-selling an asset for more than it cost to buy. Assets that can be purchased for this purpose
Determinants of reserve price
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