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What are the causes of inflation?
Define inflation as a steady enhance in the general price level. Then, there are, well, two and a half basic reasons:
1) Demand-pull inflation;
2) Cost-push inflation and;
3) Demand-pull inflation caused by excess money supply.
1. "Price discrimination allows a monopoly to increase its economic profit by capturing part of the consumer surplus and turning it into economic profit. Such a situation however l
The concept of opportunity cost occupies a very important place in modern economic analysis. The opportunity cost of any good is the next best alternative goods that are sacrificed
Does the curve represent if the risk is NOT taken and the line connecting two points on the curve represents if the risk IS taken?
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
What is the theory of second best
Problem: a) What factors would you consider when analysing the digital economy relative to e business? b) "The growing use of the internet by consumers and businesses has re
law of diminishing marginal utility its assumptions, limitation, and its practical importance
Question 1: Define the concepts price elasticity of demand, income elasticity of demand and cross elasticity of demand and explain how these concepts can be useful to the man
(a) Explain why the Pareto criterion does not provide a complete ordering of the ordinal utility space (b) The competitive equilibrium is the only allocation where the gain
AskPharmaceutical companies can expect to earn large profits from blockbuster drugs (for high blood pressure, depression, ulcers, allergies, sexual dysfunction) while under patent
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