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How are consequences of economists used?
Economists generally use efficiency, information, equilibrium and incentive compatibility like focal points, and examine the consequences of different economic mechanisms onto the behavior of agents and economic units, demonstrate how individuals reach equilibria, and estimate the status at equilibrium. Analyzing an economic problem using this basic analytical framework has not merely consistence into methodology, but also within acquiring surprising but logically dependable conclusions.
how distribution is arranged to provide customer service
1. Sam Smith owns an internet radio company that has subscribers in Houston and Dallas. The demand functions for the 2 markets are: Q(Houston) = 50-0.35P(Dallas) Q(Dallas) = 80-0.
What is the Molarity and Normality of the ferrous ammonium salt ? For exam....196 gm (initial)
what is the basis of marginal utility
what is Law of Demand?
Rational Expectations- Inflation Unemployment Trade-off : Now, consider what happens if we suppose that workers have rational expectations about the rate of inflation First, th
Short run production period and long run production period: The short run is a period of production during which some factors of production are fixed and some too are variable
1) Describe (with an example) how trading can lead to an increase in world output if countries specialize in the good in which they have a comparative advantage. How does the intr
what is International Cartels and Commodity Agreements? Describe briefly International Cartels and Commodity Agreements, what are Commodity agreements?
Unemployment: Unemployment refers to a situation where people who are willing and able to work do not find jobs at the existing wage rate.For a person to be referred to as une
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