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Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales
Ask question #Minimum unions tie the hand of management and inhibit efficient decision making100 words accepted#
what is the case of autocorrelation
Peter's utility function is u(x, y) = x + 2y where x is the number of ounces of coffee and y is the quantity of sugar in grams. Let unit prices be given by P x = 6 cents, P
examples of economic relationships
A shok question #Minimum 100 words accepted# when did the most recent shock to the crude oil market occur
Given the demand function Qd = 650-5P-P2 where P=10 Find out the price elasticity of demand.
Suppose a small open economy is characterised by the following equations/information: Y =6K 0 L 1-α K 0 = 30,000 L 0 = 10,000
volatility
Question: (a) Formulate a VAR with 4 lags and also rewrite it in matrix form, mentioning the limitations of such models. (b) What is the rationale behind introducing lag-dep
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