1.Time is important in roundabout production but not in direct production.” Is this statement true or false? Explain. Why does the demand curve for
1.Time is important in roundabout production but not in direct production.” Is this statement true or false? Explain. Why does the demand curve for loanable funds slope down? Why does the supply curve for loanable funds slopes upward? 2.Can the problems of imperfect and asymmetric information be used to enrich Coase’s theory of the firm? How? 3.Can the explanations of the “boundaries of the firm,” […]