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Problem 1:
(a) Critically examine the differences between the Neo-classical growth models and the endogenous growth theory.
(b) Show the relevance of such models in explaining economic growth in Mauritius.
Problem 2:
Enumerate and critically appraise the contribution of different reforms in agriculture to development. To what extent are these reforms applicable to the case of Mauritius?
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
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You work in the front office of the Spokane Indians, a minor league baseball team that plays in the Northwest League of Minor League Baseball. Your boss wants to know the different
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
The End of the Malthusian Age We clearly no longer live in a Malthusian age. For at least 200 years improvements in the efficiency of labor made possible by new technologies a
describe returns to scale and give examples of each.
Assess whether market economies have been more successful than planned economies in providing welfare for citizens. The student is expected to outline some of the basic issues
how is price and output equilibrium determined in Williamson''s model of managerial discretion?
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