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define opportunity cost and how it is useful in managerial decision making?
how does economics bridge the gap between economic teory and practise
Explain crowding out and why it may be considered important for policy makers. Crowding out refers to how enhanced government borrowing (real borrowing!) might serve to raise i
Q. What is working of world Bank? An international financial organization formed after World War II and based in Washington D.C. Its supposed purpose is to promote economic dev
how to control principal agent
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
Slope of an Iso-quant: Since along an iso-quant the level of output remains the same, if θL units of θL are substituted for K units of K, the increase in output due to θ L
The word length should be between 1200 to 1600 words. Please submit a hard copy with a coversheet to the lecturer at the commencement of class in Week 8. Find and read the Judgm
Assume that the employer (principle) wants its employee (agent) to work hard [You can safely assume that this maximizes the principle's expected profits from his business]. There a
data of past 20 years regarding price, wage, employment, productivity, investment, profit or loss.
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