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Brief answer
what is ''Prisoner''s Dilemma'',of non-cooperative game?estion..
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Economic models
the general characterictics of economic models,its limitations and verification
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Transfer payments
Transfer Payments: Governments typically redistribute a share of tax revenues back to specified groups of individuals in form of several social programs (like w
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COST FUNCTION
A firm has two plants. One plant produces according to a cost function cl (91) = Yf. The other plant produces according to a cost function c2(y2) = Yg. The fact
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Circular flow of income
Circular Flow of Income: The diagram shows Real Flow (goods and services) and Monetary Flow (Income and expenditure). The bottom pair of arrows depic
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Monopoly and perfect competition
will post picture
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Indifference curve
application of indifference curve analysis to the problem of exchange
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Elasticity
if you were making the pricing decision for the gasoline company, would you cut, raise or leae the price unchanged
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Equity
Equity: The proportion of a company's total assets which are "owned" outright by the company's owners. A company's equity is equivalent to its value less its de
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Production theory
why constant return to scale is important
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Williamson''s managerial discretion.
how is price and output equilibrium determined in Williamson''s model of managerial discretion?
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What are the causes of inflation
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:
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Level of aggregate demand in economy
Q. Level of aggregate demand in economy? Demand-pull inflation takes place when there is an increase in level of aggregate demand in economy. Aggregate dema
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Explain the difference between actual an...
Use a PPF to explain the difference between actual and potential growth. The PPF shows possible output, taking into consideration all factors of production
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Fluctuations in growth rates - estimatio...
Fluctuations in Growth Rates: Fluctuations in year-to-year growth rates in early stages were very marked, which indicated that the economy had failed to cr
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