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What is the theory of Second Best? Prove the theorem with the help of a diagram.
A control in economics means a steady profit rate that is enhancing. Thus, after one year you could have £1mill profit then the next year £3mill profit etc.
what is direct utility in micro economics?
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
In theory, we know that a monopolist basis its price directly off of the demand curve, but in practice a monopolist cannot ''see'' the demand curve. Explain how a monopolist might
what is ratios GNP? what is use of models in macroeconomics?
Due Diligence The investigative procedure an investor should conduct into the operations and business strategy assumptions of an organization soliciting investors.
Cyclical Fluctuations: Consider a situation where the value of money above trend indicates an unexpectedly high level of money in the recent past. The model predicts that this
when total production fall what,s the status of average product and marginal product
what is iso-product curve
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