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differentiate between normative and positive statements in economics with the help of a statement
Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b
What does the basic neoclassical, or traditional, model of economics assume about markets? It supposes that markets are perfectly competitive and smoothly functioning, and thos
Why and how are economists attempting to create more accurate measurements of development? The why part is simply because of the complexities built-in to the concept of develop
explain 6 factors that determine volume of production
any village panchayat in west bengal and get information for doing a project.
a) Joan's utility function can roughly be estimated as : U = 60Q 1 3/4 Q 2 2/3 She chooses from two composite commodities Q 1 and Q 2 whose prices per unit are kshs 20
which is the following is an example of a firm''s derived demand?
How would you construct an estimate of marginal cost, & ?C(w, y) , in each period? ?Y
Problem 1: i) How might unemployment arise? ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy. iii) ‘'Inflation always
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