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Outline four limitation of game theory?
Explain the difference between elastic and fixed supply
show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .
would a rational producer be concerned with the average or marginal product of an input in dec
Types of production function
Former communist economies which is, with varying degrees of enthusiasm and have embraced CAPITALISM.
explain how a perfact market responds to changes in consumer demand?
What is the purpose of the IMF and why might the IMF be called the “lender of last resort”? Discuss how three of the tools they use for establishing economic stability in a country
How the above would apply to non-renewable resources such as oil. This has general applicability to any competitive market. The issue here is that potential supply has a finite
Equity: The proportion of a company's total assets which are "owned" outright by the company's owners. A company's equity is equivalent to its value less its debt owed to bankers,
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