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Government Spending Wagner's Law of economic activities applies to every economy. According to this law, there is both an extensive and intensive increase in government activit
What is the theory of Second Best? Prove the theorem with the help of a diagram.
factors influencing the conditions of demand for a given product
2) Proctor & Gamble (P&G)
The production function for (a Music company ) their CDs is q= 25*K*L , where q is the number of CDs produced each month, K is the hours of equipment used, and L is the hours of la
What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss
Inductive effect
THEORY OF DEMAND: The consumer behaviour under indifferencecurve approach where it is assumed that the consumer possesses a utilityfunction. The next most important theory th
what are the types of microeconomic analysis?
Market supply and Increase in supply: Market supply is the total quantity of a product that all firms in an industry are willing to offer for sale at a given market price an
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