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QUESTION
a) How would the strategy of a firm faced with repeated games differ from that faced with sequential games?
b) What do you understand by an optimal level of pollution and critically discuss the different ways of internalising external costs.
c) The manager of a clothing and textile company in Mauritius, which produces for both the domestic market and foreign markets, is considering expanding its scale of operation and decides to forecast its sales for the following six months. Outline two techniques of forecasting which you would suggest to the manager and comment on your rationale.
d) Discuss the various types of inefficiencies caused by the public sector.
When Neff says that "the very essence of public relations is grounded in communication" (2010 p.373) she goes on to point to two features of communication that should aid us in ana
Jack and Jill live alone on an island. Their labour supply schedules are identical and given by L = (1 - t)w, where t is the income tax rate and w denotes the wage. Jill''s wage
Q. Importance of heterogeneity? The importance of heterogeneity for public policy process can be summarized in two propositions. - Heterogeneity or conflict of interests is
Question: Describe the main measures of size and/or cutoff point below which economies are classed as small? In 1982 the Development Committee of the World Bank and the Int
Public Economics can broadly be understood as that Economics which deals withpublic intervention in the economy. Its domain is supposed to encompass rationalefor public interventio
QUESTION 1 (i) The implementation of e-Government presents a number of challenges to both the Government and citizens. Discuss these challenges using appropriate examples.
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WHAT ARE THE PRINCIPLES OF MULTI-UNIT FINANCE?
Probelm 1: (a) What are the main roles of Government in the economic development of a country? (b) What are some of the emerging issues affecting the role of Government?
Suppose there are two inputs in the production function, labor (L) and capital (K), which can be combined to produce Y units of output according to the following production functio
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