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Start learning 50% faster. Sign in nowThe blue shirts worn by Italy can be considered the most famous in international football, along with the yellow of Brazil, which gives the side its nickname Canarinho (Little Canary). Italy, known as the Azzurri.
Given the demand function QD=100−2P and the supply function QS=3P−50, where QD is the quantity demanded, QS is the quantity supplied, and P is the p...
“ All Giffen goods are inferior, but all inferior goods are not Giffen”. The statement is
What happens in long run under monopolistic competition?
Consider an exchange economy with two agents, 1 and 2, and two goods, X and Y. Each agent's consumption set is in +R2. The endowments of agents 1 and 2 ...
Let f(x) = (Log (x))/x, where 0
The Indirect Utility function is = 12M3/27PxPy, where M is the income, P(x) is the price of commodity X and P(y) is the price of commodity Y....
According to the Romer model, if the stock of ideas increases by 15 %, how much will output per worker increase when all else is equal?
...A company using first-degree price discrimination has a demand curve given by P=100−2Q. If the marginal cost of production is $10 per unit, what is th...
When C = 200 + 0.75(Y − T), I = 200 − 25r, G = 100, T = 100. Find IS curve function.
BPKP is about natural farming while in organic farming farmer can purchase inputs from outside.
(1) The demand curve is a horizontal straight ...
