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Principle Agent Problem [Dealing with hidden action] Assume that the employer (principle) wants its employee (agent) to work hard [You can safely assume that this maximizes th
what is diversification
What are the parts of valuable economics paper? The consequence of economics research is an economic conclusion. Usually a valuable economics paper comprises three parts: a.
Why Average Revenue= Marginal Revenue
Comparison of sameulson revealed preference theory with the Hicksian revealed preference theoru
would a rational producer be concerned with the average or marginal product of an input in dec
List four characteristics of monopolistic competition
Elasticity help
define and explain the concept of social efficent production
Factors determine the price elasticity of supply: The price elasticity of supply varies widely across different products. Some products have more leastic supply, while others
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