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STATE AND EXPLAIN SLUTSKYS THEORM?
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
when average product is decreasing, marginal product is?
consumer=m with the help of indifference curve analyis
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
Use a supply and demand diagram to help explain how a city council might help to decrease traffic congestion in the city during weekends. pointing out that demand happens d
use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of labour,(a) an increase in immigrants, (b) a reduction in wag
Assume the banking system contains: Total Reserves $ 80 billion Transactions Deposited $800 billion Cash held by public $1
demand for risky assets
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