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What do learn by study the supply curve concepts?
a. The relationship in between quantity of inputs and output
b. Why production is frequently subject to reducing returns to inputs
c. What the different forms of a firm’s costs are and how they produce the firm’s marginal as well as average cost curves
d. Why a firm’s costs may be different in the short run versus the long run
e. How the technology of firm of production can produce economies of scale
Explain the notion of the hidden momentum of population growth. Why is this an important concept for projecting future population trends in different developing nations?
how long will be the solution
what does a weaker dollar to a) raise inflation and contract the economy b) reduce inflation and contract the economy c) raise inflation and expand the economy d) reduce inflation
the classical model assumes that consumption depends positively on disposable income. now suppose that consumption also depends on the real interest rate. a) sketch the loanable
what are the function of budget
Give detail explanation about the Inflation Price index is computed at a particular point in time, inflation over a time period, mainly one year Inflation may just as
you and your neighbor (n) consume without trading. suppose you are initially consuming 7 bananas and 3 coconuts and your neighbor is initially consuming 6 bananas and8 coconuts. Yo
factor contribute long run trend of term of trade in developing country
In what major way do the Microsoft and Standard Oil cases differ?
Compute the mean and variance of the following discrete probability distribution. Where X=2, and P(x)=.5. Where X=8 and P(X) .3. Where X=10 and P(X) =.2.
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