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What are the factors that determine the volume of production?
Cardinal Theory: An Introduction In cardinal approach, utility is measured cardinally or numerically in terms of money. The consumer not only knows which one is preferred but
explain how a perfact market responds to changes in consumer demand?
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
Give a critique of indifference curve
The most fundamental economic problem is scarcity.
define for whom to produce
explain the theory of consumer behavior from the utility perspective
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic agents about the future values of macroeconomic varia
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