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Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
Explain the figure of say''s law of market
Advocacy of Globalisation: In support of the movement for globalisation, the following arguments are put forth: i) Globalisation promotes foreign direct investment and, thu
Illustrate about the elasticity of substitution. The Elasticity of Substitution: The technical substitution’s marginal rate measures the slope of an isoquant. As well the el
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
Illustrates the stages of the production of an economic conclusion? The production of an economic conclusion generally goes into three stages as follows: Stage 1: It is no
Short run equilibrium - Perfect competition: In the short-run, the perfectly competitive firm maximizes its profit by producing output where MC=MR=P. This is shown in the diag
consumers oriented application
Define Nash equilibrium
conditions of pareto optimality
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