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Consumer Preferences
Indifference curves represent all the combinations of market baskets which provide the same level of contentment to the person.
What is the theory of Second Best? Prove the theorem with the help of a diagram.
explain the theory of consumer behavior from the utility perspective
llustrate and explain the changing demand gor big Mac using the indifference curves and budget line
discuss the term of price mechanism,give examples to elaborate the concept clearly
how to find pareto efficient output using algebra
explain the concept economies/diseconomies of scale and minimum efficient scale
Do the laws of economics still work today? use the case discussed in class to answer this question or any other examples) (ii) Provide examples of three factors that can shift the
the price elasticity for gizmos is known to be 1, if sellers of gizmos increase their
meaning of average revenue
how pp curve can solve the central problems of an economy?
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