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Utility functions, Microeconomics
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Posted Date: 9/25/2012 2:43:25 PM | Location : United States
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Purchasing power parity (ppp), Purchasing Power Parity (PPP): The exch...
Purchasing Power Parity (PPP): The exchange rate is determined by the relative purchasing power of currency withineach country. For example, if a product X costs Rs. 100 in I
Production possibilty curve, why is the point outside the production possib...
why is the point outside the production possibility curve(PPC)called unttianable
Define the adoption of economic institutional arrangement, Define the adopt...
Define the adoption of economic institutional arrangement in analytical frameworks. Adoption of Economic Institutional Arrangement: The third step for studying an economi
Determinants of the price elasticity of demand, Determinants of the price e...
Determinants of the price elasticity of demand are explained below: 1. Number of close substitutes present within the market - The more and closer substitutes available in the
IS-LM and AD-AS, Critically appraise the IS-LM and the AD-AS models as anal...
Critically appraise the IS-LM and the AD-AS models as analytical tools in explaining the macro-economy (the business cycle). In preparing your essay, please think about the followi
World trade organisation, WORLD TRADE ORGANISATION (WTO): The Internat...
WORLD TRADE ORGANISATION (WTO): The International Trade Organisation (ITO), originally, was proposed to be set up along with the World Bank and the IMF on the recommendations
Poverty, Poverty: A state of having inadequate income or other resources to...
Poverty: A state of having inadequate income or other resources to support a household (or group of households) at a basic standard of living. Poverty can be measured in absoluterr
Diverstification, What is Diverstification?
What is Diverstification?
What do you meant by the term economic efficiency, Problem: i) What do ...
Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different
Elasticity of demand, elasticity of demand for demand function Q=10-2p for ...
elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
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