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A person chooses between leisure and consumption. All of their consumption comes from current income. The utility derived from any combination of leisure and consumption is given b
what is money multiplier? what is role , importance, advantages , disadvantages , limitations and examples of money multiplier?
the circular flow of income in an governed economy
What are the four managerial factors that lead to diseconomies of scale
You are given the following information about an economy: Gross Investment = 40 Govt. purchases of goods & service =
What are the pros and cons of outsourcing in order to keep prices down?
Problem 1 a. Define ERP. Explain the terminology related to ERP. b. How ERP evolved in a system? a. Definition. >>Description on point of sale, MRP-I, MRP-I
Please explain each of the following terms and explain how each is used in the standard model. 1. Iso value line's 2. Production possibilities frontier 3. Indifference curve. You w
Tariff Reform: India's customs tariff rates have been declining since 1991. The "peak" rate came down from 150 percent in 1991-92 to 40 percent in 1997-98. The downward mom
Determination of L in the cross model As firms will produce less than Y OPT , they require less labor than L OPT . We can determine exactly how much L they need in order to pro
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