Exchange rate, Microeconomics

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how to calculate the volume of exports? or what is the definition?

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All other things equivalent, the higher the proportion of income spent for the commodity more price elastic will be the demand.   Most home owners are recognizable with how this de

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In 1939 the U.S. economy was operating where in the production possibility curve?

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Is it possible for a firm to experience a technological change that would increase the marginal product of labor while leaving the average product of labor unchanged?

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u=2x^2+3y^2 hence income=310 birr and price=3 birr calculate quntity of x and y the optimize&minmize utilityfor the given income

Individual demand, INDIVIDUAL DEMAND * Price Changes - Using figures...

INDIVIDUAL DEMAND * Price Changes - Using figures developed earlier, the impact of a change in price of food can be shown by using indifference curves.  Effect of Price

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Market equilibrium happens where supply equals demand (supply curve intersects demand curve).   An equilibrium implies that there is no force that will cause further changes in pri

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Government Spending Wagner's Law of economic activities applies to every economy. According to this law, there is both an extensive and intensive increase in government activit

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