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Supply function given by equation QS = 3P - 50. Write an equation proposals if: a) Government introduces subsidies of 5 $ per unit; b) the government introduced subsidies of 15%
Individual Assignment ECO101 - PRINCIPLES OF ECONOMICS electronic submission via Moodle 6 Questions 100 marks (15% of total course) All questions should be attempted. 30-50 w
Find the best response functions and the mixed strategies Nash Equilibrium if each player randomizes over his actions.
illustrate and discuss implications of various market structure(non competitive and competitive) for price determination
What is the theory of Second Best? Prove the theorem with the help of a diagram.
How has the haberler''s theory of opportunity cost an improvement over the classical theory of trade
What actions could a government take in order to keep the price above market equilibrium? There are four basic possibilities here; 1) Minimum price; 2) A tax on the good
Factors determine the price elasticity of supply: The price elasticity of supply varies widely across different products. Some products have more leastic supply, while others
critical of comparative advantage theory
What is Rubenstein''s model in Game theory? A Rubinstein bargaining model is mainly refers to class of bargaining games which is main feature of alternating offers through an infi
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