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#limitations of time series analysis
Utility-Expenditure Duality: Consider the minimisation of the expenditures necessary to achieve a specified utility level. The solution for qi yields the compensated demand f
Point elasticity: It refers to measurement of elasticity on a point On a demand curve. Point elasticity helps in measuring elasticity where change in price and quantity is infinite
Q. Explain Fixed Capital and Flat-Rate Tax? Fixed Capital: Realcapital which is installed permanently in a specific location, including infrastructure, buildings and major eq
1) What are the most important challenges that economists try to address? (2) What is the role of government in a market based economy? (3) Who are the main economic players
The Free Enterprise: Price System The free market system is where the decision about what is produced is the outcome of millions of separate individual decisions made by cons
how slustky equation provides neat analytical expression for substitution and income effect?
If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
why we study micro econmics?
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
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