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Principle Agent Problem [Dealing with hidden action] Assume that the employer (principle) wants its employee (agent) to work hard [You can safely assume that this maximizes th
Use a PPF to explain the trade-offs that all economies face. All countries must construct some sort of system whereby output, allocation and distribution of goods is decided.
what is the type of the firms
1- a- What are the five components of a time series? b- Briefly explain how you would estimate each component. c- What does deterministc trend mean? How do you detren
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?
What is significance of methodological economics...
How would you construct an estimate of marginal cost, & ?C(w, y) , in each period? ?Y
Why might economic growth not be compatible with sustainable development? Define economic growth; enhance in national income during a time period. Explain sustainable developme
What main features are found in oligopolies? Assumptions of oligopoly Four or five firm concentration ratio Frequently there are benefits of scale to be had Merg
explain and illustrate the changing demand for big mac using indefference curve and budget line
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