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is south african economic system more allocative efficient?
explain the relationship between scarcity,choice and opportunity cost
NEW CLASSICAL BUSINES CYCLE THOERY: Yang, Xioaokai, Economics: New Classical versus Neoclassical Frameworks, Oxford: Blackwell Publishers. The book goes on to rigorously dev
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
what is the total cost if the price of 10,quantity demanded is 900000, at $20 it is 800000? The author is paid 2 million dollars to write a book, the marginal cost of publishing t
What is the theory of Second Best? Prove the theorem with the help of a diagram.
illustrate and discuss the implications of various markets structures(competitive and non-competitive) for price dertimation
1. Refer to the data in the file "asm2Q1.xls" on the annual number of fatalities (FATALS, y ) from gas and dust explosion in coal mines for the years 1915 to 1978 and the number o
prefrence towards risk the demand for risky assets,
Mikes' preferences for consumption and leisure may be represented by the Utility function: u(C, L) = ( C-200)*(L-80) . His marginal utilities of leisure and consumption are (C-200
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