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1) A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due largely to increases in the price of energy and food related commodities following sev
Low standards of living: In developing nations general standards of living tend to be very low for the vast majority of the people. These low standards of living are manifest
What are the economic implications of income inequality? How can economic theory be helpful to analyze the causes and impact of income inequality? What are the concerns and how can
Analyse the method by which a firm can allocate the given advertising budget between different media for advertisement?
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
explain slutsky theorm with graphical representation
1.what is price mechanism? 2.how does price mechanism benefit an echonomy. 3.what are the characteristics of a centrally planned economy?
Point Elasticity of Demand - For large price changes (such as 20%), value of elasticity will depend upon where price and quantity lies on demand curve. - Point elasticity me
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Draw a marginal utility cureve for a good that has a constant marginal utility
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