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Insurance - Risk averse are willing to pay to keep away from risk. - If cost of insurance equals expected loss, risk averse people will buy sufficient insurance to totally r
How does planning serve as a solution to economic problems?
what are the forecasting techniques
Q. What is Cost effectiveness analysis? Cost effectiveness analysis A method which seeks to identify the least cost option for meeting a particular objective. It actives prior
A monopolist faces the following demand function for its product: Q = 45 - 5P The fixed costs of the monopolist are $12 and the variable costs are $5 per unit. a) What are the
extenstion n contraction of demand curve
baumol''s theory
Axioms: Revealed preference theory is based on the axioms listed below. • Consumer will spend all her income on goods. The consumer equilibrium always remains on the budg
How to solve general equilibrium in pure exchange economy with 2 consumer and 3 commodities
Business sell to households in the resource markets, but households sell to businesses in the product market
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