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Explain to a martian what eigenprices are, assuming no academic economic knowledge or understanding of mathematical symbols.
Illustrate their standing in current economic theory and their application or lack of application to contemporary economic problems now facing the world.
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
The problem in economics in price theory deals with deriving maximum marginal utility and marginal rate of substitution.
What is the Marginal Rate of Transformation between sugar and tea?
Developing a regression model with Sample Regression Model
Problem based on Oligopoly and demand curve, Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?
Explain the impact of external costs and external benefits on resource allocation; Why are public goods not produced in sufficient quantities by private markets? Which of the following are examples of public goods (or services)? Delete the incorrec..
This document shows the uses supply and demand model to explain the evolution of the price of gold and silver.
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
The question is that if two firms in the Cornout market merge into one firm, what would the merger result in? how much of marginal cost would prevail in the market, etc are answered in a detailed in manner in the solution.
Case study analysis about optimum resource allocation: - Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..
Demand estimation and forecasting and income elasticity of demand
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