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Consider an economy, in which technological capabilities become obsolete. Use the Solow-Swan model and the knowledge spillover model to explain how its productivity growth rate dependence on capital changes over time.
define opportunity cost and how it is useful in managerial decision making?
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Economic profit and Economic loss: Economic profit is the excess if total revenue over total cost when the latter includes both explicit and implicit costs. It is the type o
do you agree that according to econmy theory a business will always close if its total reveneu cover total costs
show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .
Average Product (AP) of a Factor: The productivity of a factor is often seen in terms of its average contribution. Although not very important in the theoretical discussions,
all the problems involved in measurement of profit
draw the demand curve,when there is rise in the price of a product on the demand of the product
What is the theory of second best? Prove the theorem with the help of a diagram
#questioIn many metropolitan areas of the country, local governments often impose rent controls on apartments. The justification for doing so is that the current market rent is con
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