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How to solve questions of endowments?
How equilibrium is achieved under monopoly
brief explain of keynesian consumption theory
Explain the approach of characterizing the modern economic environment. Modern economics gives various perspectives or angles to seem at real world economic issues. An economic
1). Define and explain the concept of an externality. Provide examples of both positive and a negative externality. 2). The Prisoner's Dilemma Exercise:
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
What is the theory of Second Best? Prove the theorem with the help of a diagram.
Business Executives and Choice of Risk * Example - Study of 464 executives found that: 20% persons were risk neutral 40% persons were risk takers 20% perso
Production with Two Variable Inputs * There is relationship between productivity and production. * Long run production K& L are variable. * Isoquants analyze and compa
Draw a marginal utility cureve for a good that has a constant marginal utility
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