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Explain to a martian what eigenprices are, assuming no academic economic knowledge or understanding of mathematical symbols.
Illustrate their standing in current economic theory and their application or lack of application to contemporary economic problems now facing the world.
The Business Cycle is the short-term fluctuations in the economy relative to the long-term trend in output; the recurring and fluctuating levels of the GDP growth rate over time.
Developing a regression model with Sample Regression Model
Demand estimation and forecasting and income elasticity of demand
The details about three identical firms operating in Cournot competition are given. The demand curve with marginal revenue, profit maximization, optimum quantity, total demand and market price related questions are answered.
Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..
What is the Marginal Rate of Transformation between sugar and tea?
Problem - Total Cost, Average Cost, Marginal Cost: - Complete the following table of costs for a firm. (Note: enter the figures in the MC column between outputs of 0 and 1, 1 and 2, 2 and 3, etc.)
Price elasticity of demand, Income elasticity of demand and Cross elasticity of demand of toyota corolla car.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Find Total Revenue or profit
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
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