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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
elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
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What have been some justifications given for the historical exclusion of household production from the national accounts? Some reasons have included: a. households are not p
what are the sources of oligopoly power
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compare marginal rate of technical substitution and marginal rate of substitution
in aid of a diagram explain the concept of diminishing returns in production
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