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Question 1 Identify the basic postulates of economics
Question 2 Discuss the role of price mechanism
Question 3 Explain the shape and application of Engel curve
Question 4 Discuss the various features of optimal expansion path
Question 5 Once a price-quantity combination is determined, an oligopoly firm does not find it profitable to change its price. What is the logic behind this?
Question 6 Graphically explain Keynesian theory of interest
What are the possible advantages of free trade? Firms a) Specialisation and enhanced use of comparative advantage b) Possibility of advantages of scale c) Spread
Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produc
WHAT ARE THE PRACTICAL IMPORTANCE OF INCOME ELASTICITY OF DEMAND?
In the case of a tax abolition on food staples, what are the short run and long run effects?
In year one, suppose the federal government has no national debt and spends $100 billion, while raising only $50 billion in taxes. The U.S. Treasury will issue $ billion of governm
The marginal benefit of a refrigerant in a production process (the producer's willingness to pay for its use) is 100-5Q. The marginal damage from the use of the refrigerant on the
Suppose a banking system with the following balance sheet has no excess reserves. Assume that banks will make loans in the full amount of any excess reserves that they acquire and
where would i find the matter for this topic?
Problem 1 (a) Explain the evolution of exchange rate system in Mauritius. (b) According to you, what factors determine exchange rates in the long run? Problem 2 "Inf
static & dynamic multiplier of keynision theory
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