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RATIONAL EXPECTATIONS AND ECONOMIC THEORY : Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic age
why diminish MRS?
The production function for (a Music company ) their CDs is q= 25*K*L , where q is the number of CDs produced each month, K is the hours of equipment used, and L is the hours of la
compare traditional modern and engineering cost curves
if the marginal production of labor is rising, is the marginal cost of production rising or falling? Briefly explain
if tc is 200 what will be marginal cost?
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
Suppose a firm faces two markets for the same product. In market A, the demand function is PA=60-QA, while in market B the demand function is PB=36-0.5QB. The total cost function i
who is a rational behaviour
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