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Consider a hypothetical nation, Solowland, which were in the steady state. We consider a constant return to scale production function based on two production factors, labor and cap
why the PPC curve slopes downward?
What is the difference between MRTS & MRS?
the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss
1). Define and explain the concept of an externality. Provide examples of both positive and a negative externality. 2). The Prisoner's Dilemma Exercise:
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The cross elasticity of demand calculates the responsiveness of the quantity demanded of one product to alters in the price of another product. For example, the quantity demanded
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
FOREIGN EXCHANGE MARKETS: A foreign exchange market (sometimes informally called the forex market, or denoted FEM) is a market in which different currencies are bought and sol
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