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Consider a two-period economy with a single commodity (say leisure): x1 is the con- sumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter ev

Absolute and comperitive advantage, If one person can produce 1 fish and 10...

If one person can produce 1 fish and 10 oranges per hour and works 5 hours a day.another person can produce 2 fish and 20 oranges per 2 hors and works 8 hurs a day then who has the

Market Analysis, Is coca-cola an oligopoly or monopolistic competition

Is coca-cola an oligopoly or monopolistic competition

What is economic efficiency, Q. What is Economic efficiency? Economic ef...

Q. What is Economic efficiency? Economic efficiency Explain a situation where the total value of the end uses, to which the resources are put, is maximised. A consequence is th

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Mixed Economic System and how can this system solve the economic problem, with example?

Chemical analysis of iron, what is chemical analysis of iron ?

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Linder theory, According to the Linder theory ,trade will occur in goods th...

According to the Linder theory ,trade will occur in goods that have overlapping demand. With aid of a graph ,illustrate this theory and its implications

Difference between static and dynamic multiplier,

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Assume that milk operates in a perfectly competitive market, use a well labeled demand and supply model to explain how market equilibrium price of milk is being determined.

Determine the cost efficient levels of emissions reduction, Determine the C...

Determine the Cost Efficient Levels of Emissions Reduction Two firms produce a pollutant called Q.  The total cost of reducing emissions of Q are as follows for Firm 1 and Fir