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use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
What is the distinguishing characteristic of institutions in the public purpose sphere? The distinguishing characteristic of institutions in the public purpose sphere is that t
Private and Social Benefits Private benefits are those which accrue to an individual. They may be both monetary and non monetary, direct and indirect. Earnings of an individua
What determines aggregate demand?
What is the theory of second best? Prove the theorem with the help of a diagram
why diminish MRS?
concept of innovation theory of profit and criticism
Sources of Economic growth: Human resources: Investment in human capital is considered as an important factor for economic growth. This is done by increasing the quality of
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
do you think that dimnishing returns to a factor are consistent with increasing returns to scale? explain with suitable diagram and reasoning.
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