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Q. Strength of the multiplier in microeconomics?
Multiplier: An initial stimulus to spending (in form of new consumer, business or government purchases) generally results in a larger final increase in total spending, production and employment in the economy. This magnifying effect is known as multiplier. The strength of the multiplier relies on many factors, including type of initial spending, the importance of imports in spending and amount of unused capacity that initially existed in the economy.
what total cost function yields a U-shaped average total cost function
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what do you mean by social welfare function
Perfect competition: Perfect completion refers to the market structure in which there are a large number of relatively small firms, each firm having freedom of entry into and
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