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Q. What is Gini Coefficient?
Gini Coefficient: A statistical measure of inequality. A Gini score of 0 signifies perfect equality (in which each individual receives the same income). A Gini score of 1 implies perfect inequality (in that one individual receives all of the income).
appraise baumol`s sales revenue maximazation theory as an alternative of the firm
Economies of Scale The reduction in the cost of each additional unit produced as all factors of production increase. Factors contributing to economies of scale include discoun
factor afecting the demand for durable product
Once countries already have a high level of production, how might they achieve living standards growth? Once countries achieve a high level of production, they might be achiev
What are the 2 approaches in which results into a higher satisfaction?
List two advantages of markets identified by the authors of the text. Markets can be a significant way of allocating resources. Markets include voluntary exchanges. Another b
description of slutskian approach
Is the natural rate of unemployment includes frictional, structural & seasonal unemployment? The natural rate of unemployment contains frictional, structural & seasonal unempl
how advertisement affects the sales revenue of a form
a) Explain the conditions under which a monopolist is able to price discriminate. b) Demonstrate the relationship between a firm's marginal revenue function and its relationship
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