Mathematical Economics II
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How does a lump-sum tax affect marginal cost (MC)?
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If u, v, w are not independent functions of independent variables x, y, z then
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In a Hessian matrix of a function f(x,y), the determinant of the Hessian matrix (det(H)) represents:
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A firm in a perfectly competitive labor market is a:
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For giffen goods, the relationship between price and quantity is.
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Constrained optimisation uses ________ determinant to check ______ conditions.
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