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Basics of Theory of demand: The most famous approach in the history of consumer behaviour, after indifference curve approach, is the revealed preference approach. In the revea
if marginal cost descreases then what else is effected by this
Tax Policy Implementation: Take, e.g., the case of tax policy. It attempted to raise resources by a combination of direct and indirect taxes to finance a large part of increa
DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICKS
explain the cobweb model of equilibrium
THEORY OF REVEALED PREFERENCE: If consumer's taste and preferences do not change, then observation of her market behaviour or, actual act of choice between the commodity sets
What would be a factor that would make the prospects hopeful for overcoming the demand for resources in the future
characteristics of microeconomics
discuss how economic theory of marginal utility explains the optimum pattern of consumption for an individual consumer
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
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