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Explain the concept of externality in economics? Give one example of a positive and a negative externality in Australia.
Q. What do you mean by Market Structure? Market economy pricing is conditioned by market structure. There are various forms of market structures. Perfect competition is accorde
Consider a manufactured good whose production process generates pollution. The annual demand for the good is given by Qd=100-3P. The annual market supply is given by Qs=P. In both
wHAT IS THE SIGNIFICANCE OF EXPECTATION ELASTICITY ?
Explain baumol''s static model
Q. Explain the Efficiency wage model? Efficiency wage models such as Shapiro and Stiglitz (1984) suggest wage rents as an addition to monitoring, because this gives employees a
what are the instruments variable of marrise''s model?
what is segmentation
Illustrate the application of economic theory to some business problems
Q. Show the Properties of isoquants? Isoquants slope downwards to the right: It means that, in order to keep output constant; when amount of one factor is increased then the
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