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The State of Confidence in Conventional Judgements : While individuals fall back on conventions to guide their behaviour in the face of uncertainty, they are also aware that th
marginal utility is applied on money or not
There are various implications of the monopoly model; many of which lead to criticisms of monopoly on issues of both technical /allocative efficiency. The prices and output verifi
What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?
why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?
what is cardinal utility. Please give an example
Explain how Keynesian economics views the role of markets and government intervention in fighting business cycles. Keynesian economics believes markets frequently fail and gov
Objectives of the WTO: The agreement establishing the WTO reiterates the following objectives of the WTO: • Raising standards of living and incomes, ensuring full employm
A firm has a short-run production function defined by: Q = -. 02L 2 + 8L What is the short run demand curve for labour (L) in terms of the market wage rate (w), if
#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.
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