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What is the theory of Second Best? Prove the theorem with the help of a diagram.
do you give solutions
a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?
when total production fall what,s the status of average product and marginal product
In neoclassical economics, equilibrium exists when supply equals demand for a particular commodity. General equilibrium is a special (purely hypothetical) condition in which every
1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
what do you understand by linear break-even point? in what way is it useful in managerial economics? what are the assumptions underlying the analysis?
ive been asked to compare shapes of graphs e.g. constant slopes increasing, decreasing, inelastc using the concepts of marginal and average changes?
explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative
The prevention of major swings in economic activity can be handled most easily by the: A. Household sector B. business sector C. financial sector D. government sector why?
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