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a) Consider the following flows (in thousand of people) between the various labour market states in a particular month: UE = 240 000; UNLF = 180 000; EU = 190 000; NLFU = 220 000
Compensated Demand Curve: Compensated demand function for a commodity (say x1) of an individual consumer represents demand quantity for that good (which is purchased by the co
Name the five types of capital. The five types of capital are: natural capital, manufactured capital, human capital, social capital and financial capital.
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Ask qdescribe average and marginal revenue under imperfect competitionuestion
Rework figure 1 assuming a closed economy
Long Run Average Cost (or LAC) -Constant Returns to Scale If the input is doubled, the output will double and average cost is constant at all the levels of output.
What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss
A monopolist''s demand curve is P=100-2q. find his MR function. at what price is MR zero
When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
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