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SUMMARY OF THEORY OF PRODUCTION
How is consumer utility calculated?
explain the various marginal uses and limitations of break even poin?
The least square method is based on the assumption that the past rate of change of the variable under study will continue in the future. It is a mathematical procedure for fitting
How to solve general equilibrium in pure exchange economy with 2 consumer and 3 commodities
What are the advantages of trade surplus
Adding the economic activities of government to the circular flow model shows that: 1. Government spending creates inflation 2. Government purchases of goods and services,
• If Mary uses all her resources to produce hats, she can produce 48 hats an hour. • If she uses all her resources to produce apple pies, she can make 24 apple pies an hour. how
What is contraction of supply?
Credit Squeeze:At times private banks become reluctant to issue new credit andloans, frequently because they are worried about risk of default by borrowers. This is common at the t
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