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Transfer Payments: Governments typically redistribute a share of tax revenues back to specified groups of individuals in form of several social programs (like welfare benefits, public pensionsand unemployment insurance or child benefits). These transfer payments supplement market income of households which receive them.
GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE
1. What is simultaneous biases? Discuss the cause of ednoginity in regression analysis. 2. Explains concisely what is meant by ' the identification problem'' in the context of l
What is the importance of microeconomics in study of managerial economics? Normal 0 false false false EN-IN X-NONE X-NONE
Problem 1: i) Distinguish between the different types of concentration measures. ii) Derive and explain the Dorfman and Steiner (1954) condition for optimal advertising.
Explainbainlimitpricetheory
What are the economies and diseconomics of scale?
Phillips Curve and Inflation-Unemployment in policy making : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in ad
The economic model forecasting involves estimating several simultaneous equations which are generally behavioural equation mathematical identities and market clearing equations. T
how do you find the average fixed costs using total fixed costs and total product?
analyse the method by which a firm can allocate the given advertising budget between different media advertisement?
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