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Name the two actors in the basic neoclassical (or traditional microeconomic) model of economics, and identify the assumptions the model makes of these two actors. Firms and hou
Slutsky's Theorem: Graphical Presentation We prove here that own price effect is the sum of own substitution effect and income effect for a price change, which is known
waht are the characteristics of perfect competetion market
(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3. (ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of
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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
dicuss the relevance of studing production theory and analysis inn your career as a student of manegerial economics
What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?
is south african economic system more allocative efficient?
what is the theory of second best ? prove the theorem with the help of a diagram .
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