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U=4X+G where X is private spending and G is public spending. what is the marginal rate of substitution between public and private
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Q. Is Heterogeneity the sole cause of conflict of interests? Explain heterogeneity as a cause of variation of aspirations of agents leading to formation of various special inte
summarize the basic tents of the argumentsin this case
A variety of interventions can affect outcomes. The important one are, intervention to solve coordination problem, information as an interventions, interventions to change the dyn
State ramsey rule of optimal commodity taxation and the intuition for it
Alice and Bob survive on hamburgers and salads. Aliceís utility function is UA = hA(sA 1) where hA and sA are her consumption of hamburgers and salads respectively. Bobís utility
why is public finance important?
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