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Methodology of econometrics involving three stages 1. Specification of the model using a specific stochastic equation, together with a priori theoretical expectations about th
what do you understand by linear break-even point? in what way is it useful in managerial economics? what are the assumptions underlying the analysis?
What is law of demand
How might you determine whether flute-playing ability is a highly heritable trait? If you want to improve your flute playing and someone tells you that musical ability is heritable
what is the effect on the market for dvd players if the price of dvd rises
Explain how oligopolies can work both for and against consumers. Oligopolies market power can of course work against consumers - as price-setting and any form of collusion will
Another school of thought developed what is called loanable funds theory of interest. Among the principle economists who contributed to the development of loanable funds theory men
what is the langrangian function
the difference between an lc3 and other types of businesses is that
what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
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