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Explain about the deadweight loss and elasticities.
Deadweight Loss and Elasticities
The general rule for economic policy is the other things equivalent; you need to choose the policy which produces the smallest deadweight loss. But how we can predict the size of the deadweight loss connected with a specified policy.
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Explain how automatic (fiscal) stabilisers may help to lower fluctuations in the business cycle. Definition of automatic stabilisers as built-in to the system in terms of trans
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illustrate and discuss the implications of various market structures (competitive and non competitive) for price determination
Inductive effect
i) Two firms, A and B, are operating in a UK textile industry under duopolistic condition and choose to either produce at "High" price or a "Low" price. Suppose you are the man
In this section, we ask you to write down a simple, formal, mathematical model. A small number of points will be awarded for an intuitive discussion of the problem, but most of the
I have some Microeconomics problem need to be solve, three Long question and 10 multiple-choice. If I give you four hours can you finish.
A firm is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do?
what is externalities and market inefficiency
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