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x-3y+6z=1 2x-5y+10z=0 3x-8y+17z=1
managerial problems related to microeconomics
Arbitration The use of a third party to describe between two sides dead locked in a negotiation. The arbitrator's decision can be binding or not binding, as before agreed upon
Describing Risk * To measure risk we should know: 1) All the outcomes which are possible. 2) The probability that each outcome will occur. * Interpreting Probability
. Keep slope of supply constant and apply different slopes of demand curve and then show what happens if control price impose. Similarly, keep demand curve constant and apply diffe
Functions of money in any modern economy: A medium of exchange: Money facilitates the exchange of goods and services because, people exchange the goods and services they produ
how a capitalist system solves the three fundamental economic problems
HOW DO YOU ADJUST FISCAL POLICY FOR INTERNAL BALANCE
prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
determination of rent
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