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What are the causes of inflation?
Define inflation as a steady enhance in the general price level. Then, there are, well, two and a half basic reasons:
1) Demand-pull inflation;
2) Cost-push inflation and;
3) Demand-pull inflation caused by excess money supply.
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be
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Discuss the impact of rational self-interest on each of the following decisions
#question.PROPERTIES OF INDIFFERENCE CURVES WITH TABLE AND DIAGRAM.
In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.
When is the economic theory useless? One misunderstanding is to under-estimate the role of an economic theory. Several people thought an economic theory useless since they thin
Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon t $3.50 a gallon. Your usage of paint drops from 35 gallons to 20 gallons a month. 1. Co
When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
Define the Production Possibilities Curve and explain the basic economics concepts using the PPC. Explain the factors tht shift the PPC outwards
A Competitive Short Run Supply Curve of Firm * Observations: - P = MR - MR = MC - P = MC * Supply is amount of output for every possible price. Thus: - If
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