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In this assignment you will apply consumer choice theory and marginal analysis to business problems. Consider each of the following products and services: a pair of tickets to a s
explain the traditional theory of cost with suitable diagrams.explain why LAC curve is not U shaped?
what is budget line?show the shift in the budget line
Joe won $365,000 a year for life in the state lottery. Use a labor-leisure choice analysis to answer the following: a. Show how Joe’s lottery winnings affect the position of his b
how do oligopolistic market and monopolistic competition react to change in demand and supply ?
Why is investment so important in an economy? Define investment as an enhance in capital stock and link this to broad macro issues; future output, enhance in living standards, ta
what is a perfect competition and how does it differ from monopoly?
maximum profits will occur at the output level
a more simple explanation of the group equilibrium in the short and long run
Sources of Divergence The principal cause of extraordinary variation in output per worker between countries today are differences in their corresponding steady-state capital-ou
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