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Withdrawing MRTP Restrictions:
The restriction on the scrutiny of an investment proposal that it does not violate the provisions of MRTP Act was withdrawn. This freed big business houses to undertake expansion and establishment of new undertakings as well as to undertake mergers, amalgamations and takeovers, they were also freed in the appointment of directors. The thrust of policy in future, it was stated, would be more on controlling unfair or restrictive business practices. All this provided a more liberal environment for expansion of existing undertakings and setting up of new undertakings.
Homework 4 Q1. Suppose a consumer has utility function (u) = xy where x and y are amounts of two commodities that this consumer consume. Suppose this consumer’s income is $120, pri
An individual derives utility from consuming goods X and Y according to the following estimated utility function U = 12X 2/3 Y ¼ X and Y are quantities (units) of
explain the managerial decision areas
suppose, as in the federal income tax code for the united states, that the representative consumer faces a wage income tax with a standard deduction. That is the representative con
What is the impact of microeconomics on economy?
Neoliberalism So much thinking about the proper role of government in economic growth over the past 2 decades has tends to conclusions which are today known as neo-liberal. The
What is Laffer curve The Laffer curve is named after Professor Art Laffer who suggested that as taxes enhanced from fairly low levels, tax revenue received by the government wo
What is the formula for heat and how do you solve it?
meaning of opportunity cost under theory of cost
What are the differences between the IS-LM model and the Keynesian model? The 'simple' Keynesian model is a simplified model to exemplify Keynes's idea about the equilibrium i
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