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microeconomics, Economics, Microeconomics
Posted Date: 2/2/2012 8:01:58 PM | Location : United States
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Rational expectations and economic theory , RATIONAL EXPECTATIONS AND ECONO...
RATIONAL EXPECTATIONS AND ECONOMIC THEORY : We assumed above that the role of economic theory is not to provide quantitative predictions about the future. Suppose we assume ins
Production for profit, Under capitalism, most production is undertaken by p...
Under capitalism, most production is undertaken by private companies (of various forms), with the goal of generating a profit to the company's owners. Profit is obtained when compa
What is hyper inflation, What is hyper inflation? How it can be reduced? ...
What is hyper inflation? How it can be reduced? Hyper inflation means that prices of the consumable goods are very high. Prices can be decreased by supplying more goods in th
Find the highest interest rate, Find the highest interest rate: There ...
Find the highest interest rate: There are 2 entrepreneurs, Sally and Paul. The return to their projects are given by: To finance the project, each entrepreneur needs
Behavioural economics, An economics branch which keep concentrate on illumi...
An economics branch which keep concentrate on illumination the economic decisions people make in practice, particularly when these conflict with what conventional economic theory p
Proportion of income spent for the commodity , All other things equivalent,...
All other things equivalent, the higher the proportion of income spent for the commodity more price elastic will be the demand. Most home owners are recognizable with how this de
Microeconomics, Consider the following insurance market. There are two stat...
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
Price Elasticity of supply, Explain the difference between elastic and fixe...
Explain the difference between elastic and fixed supply
Market supply of labour, #queUse a graphical illustration to describe brief...
#queUse a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more wome
What are the goal of sustainability, The goal of sustainability requires th...
The goal of sustainability requires that we address what three questions? The goal of sustainability needs that we address whether economic activities are financially sustainab
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