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Oligopoly and its properties
duality was used in comparative static approach in assessing the direction of change on economic variables . Why do we need duality and under what condition may duality can''t be u
Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes.
Briefly discuss the components of macroeconomics system with suitable explanation
advantage dis advantage of pure monopoly
question #Minimum 100 words accepted#History of cobweb theory
Describe what the price elasticity of demand is and why it is of interest in examining markets. Might it be beneficial in the airline industry? Why?
EXPLAIN KINKED DEMAND CURVE
1. Suppose that Mr. John has the following Cobb-Douglas utility function U = 6X^2/3y^1/3 the market price of X and Y commodity are $1 and $2, respe
summary of general equilibrium
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