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fundamental problems
The Case: In Pakistan, sugarcane, wheat, rice and cotton accounted for 90% of the value added in crops and 6% of GDP in the last fiscal year but the average yield of these crops is
what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
A firm's production function is given by Q = √LK . The price of labour is w and the price of capital is r. a. The price of labour is $5 and the price of capital is $20. What is
assignment
Individual Demand Substitutes and Complements 1) The two goods are considered substitutes if an increase (decrease) in price of one lead to an increase (decrease) in quant
explain how scarcity impacts choice 2.expain the three steps process in economic analysis
Explain the axioms of completeness, transitivity and non-satiation using appropriate examples.
A consumer purchases food (X) and clothing (Y). Her utility function is given by: , income is $100 and the price of food is $1 and the price of clothing is Py. a. Derive the equ
Modern cost curves theory
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