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a more simple explanation of the group equilibrium in the short and long run
Instructions to Students 1. Answer all the questions, using economic models where appropriate. Begin a question on a new page. 2. Please attach a copy of the assignment cove
what is the type of the firms
Please write an essay (2-2.5 pages) based on this paper You">http://www.nobelprize.org/nobel_prizes/economics/laureates/2001/akerlof-lecture.pdf You pick one over 6 macroeconomic
#question.theories of cost
explain graphically Equilibrium of a multi product firm
What are the factors that determine the volume of production?
How does the production possibilietes curve relate to present day economics?
Define Nash equilibrium
Long Run Average Cost (or LAC) -Constant Returns to Scale If the input is doubled, the output will double and average cost is constant at all the levels of output.
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