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prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
explain the various marginal uses and limitations of break even poin?
explain two theories of economic rent
In 1939 the U.S. economy was operating where in the production possibility curve?
7.Consider the following production possibilities table: Option Y X A 0 100 B 80 80 C 120 50 D 140 10 a)Provide a measure of the approximate marginal opportunity cost of
Statistical methods are considered to be superior techniques of demand estimation because: a. The element of subjectivity in this method is minimum, b. Methods of es
Outline four limitation of game theory?
Define the term Entrepreneurship Entrepreneurship : An entrepreneur is an individual who takes risks and organises the factors of production to make a product and therefore
Demand is defined as a schedule of the quantities fo good that will be purchased at various prices similarly the supply refers to the schedule of the quantities of a good that will
why raise MC cost after minimum level ?
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