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1. Suppose that Mr. John has the following Cobb-Douglas utility function U = 6X^2/3y^1/3 the market price of X and Y commodity are $1 and $2, respe
Economics and Ethics : Morality and ethics are powerful motivations to behavior. Thouh, economists suppose that rationality is a function of demonstrable self-interest. That mean
Ask question #Minimum sources of monopoly100 words accepted#
what is the combined total demand schedule for Delgian cocoa beans that European and USA consumers buy
What is a natural monopoly Define natural monopoly as a situation where the advantages of scale a fixed costs are so high that it is impossible to fully exploit them. MC and AC
Explain the Human Development Index Introduced by the UN in 1990, the index take into account not only the goods and services formed but also the ability of a population to use
suppose you have a coffee shop. list of fixed input and variable input for operating the shop. ques-2 describe the condition under in which labour treated as variable cost and whic
according to Tobin 1993,examples of Keynesian unemployment includes situation where
Why is the goal of stability and security important to many people? What problems typically emerge during periods of instability? The instability over the business cycle can b
explain main features of short run engineering cost theory
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