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Explain about the integrability problem. The Integrability Problem: Provide a system of demand functions x(p, m). Is there essentially a utility function by which such deman
Problems of population census: High Cost of Census: Censuses are supposed to be conducted at a 10 year interval. The high cost of conducting census has made it impossibl
Monopoly and Oligopoly help?!? 1. Your firm sells a perfume. The daily demand for your perfume estimated by your economists is given by P=150-5Q Your marginal cost is constant at $
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
brife note on demand
TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
EXCHANGE RATES: The current unit focuses on exchange rates and is a more in-depth study of foreign exchange markets from the perspective of financialeconomics.You have been ac
What are the causes of emergence of monopoly?
do you agree that according to econmy theory a business will always close if its total reveneu cover total costs
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