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Ask questiowhat are the importance of the branches of economics
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
Define the Production Possibilities Curve and explain the basic economics concepts using the PPC. Explain the factors tht shift the PPC outwards
discuss the implications of various market structures(competitive and non-competitive) for price determination
Explain about the deadweight loss and elasticitie s. Deadweight Loss and Elasticities The general rule for economic policy is the other things equivalent; you need to choose
what does it mean by a normal good ?
EM13250 solution needed
Problem: (a) Consider the Classical Linear Regression Model (CLRM) Y i = α + βX i + ε i (i) Using the method of ordinary least squares (OLS), derive an expression for
how does pp curve solve the problem of how to produce, what yo produce, and when to produce?
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