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what are the variables to be included in the social welfare of a country?
Functions of Money Money performs several important functions. It serves as a medium of exchange, a unit of account, a store of value and a standard of deferred payments. In a
What are the keys of the profit maximisation in production technology? Profit Maximization in production technology: a. Producer Behavior b. Producer’s Optimal Choice
what is the langrangian function
is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
How might a country exchange rate influence the balance of payments? Definition of the exchange rate; price of domestic currency in another (basket of) currency (currencies). C
what is fixed and variable inputs with more explanation
If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
1. How does the marginal social benefit curve of a common resource compare to the marginal social benefit curve of positive externality from a mixed good? Highlight the difference
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