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What does economic theory contribute to managerial economics? Explain
#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.
1. The marginal benefit (demand) curve for pollution for an industry is P=100-4*Q, where Q is emissions in tons. The current emissions tax (price) for pollution is $40/ton. Regu
duality was used in comparative static approach in assessing the direction of change on economic variables . Why do we need duality and under what condition may duality can''t be u
explain how macro and micro issues may be represented using production possibility curve
Prove that utility approach and indifference curve yield the same consumer equilibrium
why constant return to scale is important
#question.explain three neccessary condition to achieve pareto efficiency.
1. Select a data series that you wish to forecast. Make sure that it has some importance to you relative to business, future occupation or other special interest. Obtain monthly or
Mixed Economy: This type of economic system combines the features of both the capitalist and socialist economic systems. The private sector is allowed to function on the principles
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