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What two developments are demanding new ways of looking at the economic world in the 21st century? What kinds of sustainability questions do they raise?
Two developments that are demanding latest ways of looking at the economic world in the 21st century are 1) the environmental impact of long-term fossil-fuel based economic growth, mainly with the dramatic rise in CO2 emissions; and 2) the persistence of substantial global poverty and its threat to social sustainability.
Problem: (a) Distinguish between fiscal and monetary policy, giving examples where appropriate. (b) Explain how fiscal and monetary policies might be used by a government
what is the theory of second best? prove the theorem with the help of a diagram.
Differentiate the definition of economics as given by Prof. Marshall and Prof.Robbins. Illustrate the concept of production possibility curve .How PPC is helpful to solve econom
when average product is decreasing, marginal product is?
Question: Third degree price discrimination Suppose that a monopolist faces two markets with demand curves given by D(p 1 ) = 100 - p 1 D(p 2 ) = 100 - 2p 2 Assume that
Solve equation P=200-Qs and Qs=4.5p +5
what is Microeconomics?
Q. Explain about Gross Domestic Product? Gross Domestic Product:Value of all the services and goods produced for money in an economy, evaluated at their market prices. Excludes
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
Inductive effect
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