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example of marginal opportunity cost
1) Lynne's income is £2, 000 and she is risk averse. The probability of someone slipping on her stairs is 1/8. If this happens, she will be sued for £1, 000 and will have to pay th
the general characterictics of economic models,its limitations and verification
What are the advantages of using mathematics in Modern Economics? Many of the advantages of using mathematics are as follows: a. The “language” used and the explanations of
TRADE policy: The well known economist D. H. Robertson has immortalized the role of trade in development with his famous statement that "trade is an engine of growth". The pol
What is buget line how it is calculated?
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
Suggestions For the last 60 years the Bretton Woods institutions have played an essential role in ensuring global financial stability and fostering economic growth and develop
How has the haberler''s theory of opportunity cost been an improvement over the classical theory of trade
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