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1. According to Marshall, the basis of consumer surplus is-
(A) Law of diminishing marginal utility (B) Law of equi-marginal utility
(C) Law of proportions (D) All of the above
2. For inferior commodities, income effect is-(A) Zero (B) Negative(C) Infinite (D) Positive
3. Which of the following is the second law of Gossen ?(A) Law of equi-marginal utility (B) Law of equi-product(C) Theory of indifference curve (D) Law of diminishing marginal utility
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The natural rate of employment depends on the stock of capital, which in turn obviously depends on investment expenditure. The natural rate also depends on technical progress, which is also likely to depend on levels of investment and research and..
financing healthcare and public health insurance please respond to the followingdefend or critique the primary
A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low risk loan.
What factors influence your decisions to work? Are there factors besides income that influence your decision to work? If you were to win a lottery prize of $100,000 per year, would you continue to work?
The cranberry market is perfectly competitive. Reports that consuming cranberries can lead to improved health result in a permanent increase in the demand for cranberries and an immediate upward jump in the price of cranberries.
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What is the gross real rate of return on fiat money in economy?
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Write a program that converts a number entered in Roman numerals to decimal form. Your program should consist of a class, say RomanType. An object of romanType should do the following: a. Store the number as a Roman numeral. b. Convert and store th..
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