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What is studying platform? Explain this term in brief.
Studying Platform:
A studying platform into modern economics comprises some basic economic principles or theories. This gives a basis for extending the existing theories and analyzing deeply economic issues. Illustrations of studying platforms are as:
a. Producer and consumer theories give a bedrock platform for studying individuals’ independent decision choices.
b. The common equilibrium theory is based onto the theories of consumers and producers and is an upper level platform. This provides an origin for studying interactions of individuals into a market institution and how the market equilibrium is reached within each market.
c. The mechanism design theory gives an even higher level of studying platform and can be utilized to study or design an economic institution. This can be used to compare different economic institutions or mechanisms, and also to identify that one may be an “optima”.
Determinants of Private Demand for Education Rates of return on investment in education is only one of the factors determining the demand for private investment though it is
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graphical illustrations describing the influence of an increase in immigrants on the market supply of labour
firm''s product sells for Rs.200 per unit in a highly competitive market. The firm produces output using capital (which it rents at Rs.7500 per hour) and labor (which is paid a wag
Question: There is widespread belief that the process of globalization has largely bypassed Sub-Saharan Africa, leaving the sub-continent in a state of marginalization in the w
explain optimal use of variable input?
At what point is the Fed likely to raise interest rates for the first time? How large are the first couple of hikes likely to be? (hints: conditional on unemployment or gdp growth
Why might an oligopoly be reluctant to change its price? When some large firms have high total market share and are non-collusive, there is a strong element of interdependency.
Nations trade what they produce in excess of their own consumption to:
mixed strategy
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