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When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
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What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
Problem 1: (a) Explain the meaning of inflation. (b) "Inflation is always and everywhere a monetary phenomenon." Discuss this statement. (c) Briefly explain the link betw
how microeconomic issues maybe represented using production posibility curve
THEORY OF REVEALED PREFERENCE: If consumer's taste and preferences do not change, then observation of her market behaviour or, actual act of choice between the commodity sets
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
Reorganisation of Export Councils: India has a large number of exporpromotion councils, commodity boards and other similar agencies, butheir impact on India's foreign trade h
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Explain the link between the rate of interest and inflation. Interest can be explained as the price of money - more expensive money will lead to few loans, higher saving and as
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