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What is the theory of second best? Prove the theorem with the help of a diagram
a) The production function of certain firm is given as Q = 40 K 1/2 L 3/4 A unit of capital and labour costs Kshs 44 and Kshs 36 respectively. The firm would like to maxim
IS Mn3O4 basic or amphoteric.
The basic concepts of price theory
What is the difference between 'Capital' and 'Capital value'? "The total amount of money or other resources owned or used to obtain future income or benefits." On the other h
three marginal conditions of pareto optimality
criticisms of monopolistic competition
explain abnormal profits and normal profits
Suppose that there are n bidders whose valuations vis are drawn independently and identically from the distribution F over [0, ?]. Describe and derive the symmetric , monotonic equ
baumol''s sales maximasation model
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