cournot model, Microeconomics

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Marketing Economies: These are derived from the bulk purchasing of inputs and bulk distribution of outputs. A large firm is able to buy its raw materials in larger quantities

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Why government cannot print new currency to pay the debts?  When there is deficiency of internal resources then government borrow. Government can borrow either from central ban

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Draw a Production Possibilities Frontier with consumer goods on the vertical axis and capital goods on the horizontal axis. Show how the PPF will shift if the production of capita

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Special Drawing Rights: The late 1960s witnessed that the growth in world resources did not keep pace with the growth in international trade. The slackness in the growth of re

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What is Cost Push Inflation Cost Push Inflation :    When a cost of production (e.g. wages) enhances and firms put up prices to maintain profits. Cost increases may occur beca

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Wealth: This is a stock of accumulated purchasing power stored up from the past. For example, if you have a fat savings account accumulated from your past earnings, your curre

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