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The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be
In 1939 the U.S. economy was operating where in the production possibility curve?
what is the theory of second best? prove the theorem with the help of a diagram.
1. Calculate price elasticity of demand and supply for the following functions when (a) P=8 and (b) Q=6. i. P= 40 - 0.5Q ii. Q= -40 + 0.75P iii
GDP Growth, Employment and Poverty: The advocates of economic reforms point out that the reform process has the potential of accelerating economic growth. After the teething t
Marginal Product Theory a. What is the MC of output in the short-run? b. What is the MC of labor (employed)? c. What is the short-run profit-maximizing decision
Problem: i) What is meant by ‘own' price elasticity of demand? What factors are likely to affect the size of this elasticity? ii) A publicly owned bus line is running at
Measures used to restrict International Trade: These are taxes imposed on traded commodities as they cross national boarders. These are two main types of tariffs. An import ta
why use GNP in macroeconomichs analysis
how might opportunity cost help to explain the pattern of international trade?
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