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1. Consider a world with two assets: a riskless asset paying a zero interest rate, and a risky asset whose return r can take values +10% or –8% with equal probability. An individua
supply and demand
#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
1. Define the concept of opportunity cost in your own words. Given an example from your own life of the opportunity cost of a decision (do NOT use classroom examples). Explain why
In the case of a tax abolition on food staples, what are the short run and long run effects?
#question meaning ..
Special Drawing Rights: SDRs are entitlement granted to member countries enabling them to draw from the IMF apart from their quota. It is similar to a bank granting a credit l
Revenue and Profit Maximization: Whenever a good is produced, the individual firm which has produced incurs costs which are are referred to as private costs and the society in
1. Discuss how banks make money, and are structured in respect to Asset, Liability and Capital Management – give examples.
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