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1. Suppose the wage rate is w = 1. An agent is working 6 hours per day and consumes 5 units of goods per day. Suppose that the agent claims to be indifferent between his current
law of diminishing returns
uses of time series in indian economy
excess reserve make a bank less vulnerable to runs.why
How did fixed exchange rates and the Golden Standard affect the U.S. economy as well as other countries.
Question: There is widespread belief that the process of globalization has largely bypassed Sub-Saharan Africa, leaving the sub-continent in a state of marginalization in the w
A firm has a short-run production function defined by: Q = -. 02L 2 + 8L What is the short run demand curve for labour (L) in terms of the market wage rate (w), if
Consumer Choice * Consumers choose a combination of goods which will maximize satisfaction they can attain, given the some degree of budget available to them. * The maximiz
How does a per unit tax affect consumer surplus.
subsitution effect dominate tha income effect in which good case?
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