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Q. Elucidate the relationship between MC and AVC that causes MAC to intercept AVC at AVC lowest point with economics?
Q. Many people buy too much on their credit cards, even though they know they will be sorry when they get their credit card bill. Relate this fact to the idea of time inconsistency.
analyze the following production data and prepare a proposal suggesting how to maximize profits.
Assume to you live in a simple economy in that only three goods are produced also traded: fish, fruit also meat. Illustrate what additional information might you require constructing your measure?
Illustrate why does the GDP deflator give a different rate of inflation than does the CPI. Illustrate what is the difference between a medium of exchange and a store of value.
Draw the wage-schooling locus for someone for whom returns to schooling decrease through college but increase after college
Assume the subsequent data describe o/p in two different yrs. Compute nominal GDP in every yr.
how do shifts in provide also demand influence price, quantity also marketplace equilibrium of toilet paper.
Using the principles of covered interest parity, Explicates how a local industry can utilize a LC loan to synthetically create a 1-yr USD loan.
Explain how much government securities should be purchased/sold if an open market operation is undertaken
Explain the concept of more is better satisfied for both goods. Elucidate as C increases the MUC increase, decrease or remain constant.
Illustrate distinguish between the functional distribution and personal distribution of income.
Consider a simultaneous-move auction in which 2 players simultaneously select bids, which must be in nonnegative integer multiples of one cent.
Explain how does the existence of money reduce the costs of making transactions relative to a society based entirely on barter.
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