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What is use of analytical tools in the modern economics?
Analytical Tools:
Modern economics also gives different powerful analytical tools which are usually specified by geometrical or mathematical models. Benefits of such tools can assist us to analyze complicated economic behavior and phenomena by a simple diagram or mathematical structure into a model. Illustration are comprise:
a. The demand-supply curve model,
b. Samuelson’s overlapping generation model,
c. The principal-agent model, and
d. The game theoretical model.
Estimating the Educational Structure of the Labour Force in the Economy for the Target Year The educational levels of persons within each occupational structure for the base y
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Ask question #Minimum sources of monopoly100 words accepted#
if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumer
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The prevention of major swings in economic activity can be handled most easily by the: A. Household sector B. business sector C. financial sector D. government sector why?
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A market is nothing more or less than the locus of exchange, it is not of necessity a place, but easily buyers and sellers coming together for transactions. Transactions happen
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