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Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
explain how microeconomic and macroeconomic issues may be represented using the production possibility curve
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calculate demand function is Q=100-P, where Q is quantity demand and P is price
Define the Production Possibilities Curve
Q. What is Gross Domestic Product Per Capita? Gross Domestic Product, Per Capita: Level of GDP divided by the population of a region or country. Changes in real GDP per capita
Healthcare Reform is currently in the news almost every day. The current approach proposes a government sponsored health insurance “market” to help control costs and make healthcar
Define Average Total Cost and Average Variable Cost Average Total Cost: The amount spent on producing every unit of output. The average cost is calculated by dividing the t
1.what is price mechanism? 2.how does price mechanism benefit an echonomy. 3.what are the characteristics of a centrally planned economy?
meaning of opportunity cost under theory of cost
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