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what is discounting principle?
discuss how the price mechanism allocate resources in a free market system
pooling in insurance
Problem: "Mauritius offers an interesting case study of successful trade liberalization and export-led development in Sub-Saharan Africa. This is a notable achievement given t
have to do a group project on consumer equlibrium. plz help on wat sub topics to select (i am in college 1st year)
1. Consider a model economy with a production function Y = K 0.2 (EL) 0.8 , where K is capital stock, L is labor input, and Y is output. The savings rate (s), which is define
Allocation Function The shifting or reallocation of production property into or out of markets based on shifts in prices for the products or services produced in that market.
what to produce of capitalism
traditional theory of cost
What are the determinants of income elasticity of demand? There are three determinants of income elasticity of demand. These are: Degree of necessity of a good: In a developed
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