economic theory 1explain the procedure of factor, International Economics

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economic theory 1explain the procedure of factor

Economic Theory

1. Explain the procedure of factor price determination under imperfect competition.

2. Discuss the Wage Fund Theory of Wage Determination.

3. Explain the Ricardian Theory of Rent. Also state the criticisms of this theory.

4. Determine the equilibrium rate of interest as per the Loanable Funds Theory.

5. If you were a manager of software firm, which theory would you follow and why?

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