Technical change and vintage technology
In heterodox economics, what implications does technical change and vintage technology contain for the cost structure of the business enterprise?
Illustrate the rate of exchange of two products?
According to the advocates of free trade and World Trade Organization, each and every country potentially advantages from trade liberalization and the lowering of tariffs since each and every country: (1) Has a comparative benefit in something. (2) Ga
If banana divides are $2, CD disks are $10, and SCUBA vacations are $360, then what is the relative cost of a SCUBA vacation in phrases of a CD disk: (i) 36 disks. (ii) 360 disks. (iii) 180 disks. (iv) 20 disks. (v) 3,600 disks. Q : Garfield’s utility function Problem 2 Problem 2 Consider Garfield's utility function given as U(x1, x2) = x1x2, wher
Problem 2 Consider Garfield's utility function given as U(x1, x2) = x1x2, wher
How will the system accommodate change?
need urgent help in business economics, please suggest
Production Possibility Curve: Similar to the individuals, a society as entire has restricted resources. It has to decide what to manufacture with restricted resource
Illustrate the advantage and disadvantage of Sole proprietorship?
Illustrate other than price many factors determine the outcome?
Question: Max has a utility function U =√ x1x2 where x1 is litres of ice-cream and x2 is boxes of strawberries. The marginal utility of a litre if ice-cream is
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