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assignment on consumer equilibrium
Q. Food purchases are relatively price inelastic since food is a necessity. If food is so required for life, how will we explain the heavy advertising of food items at the
Types of production function
. Suppose fixed costs increase by $20. How will this affect TFC, TVC, TC, ATC, AVC and MC? Which numbers change and which stay the same?
discuss the law of variable proportion with the help of isoquants
discuss whether marginal utility is a realistic piece of economic analysis in explaining consumer demand
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
buyers cannot tell whether any given car is a lemon. The percent of all cars that are lemons is theta. How much is theta when all cars offered are sold?
Definition of Pareto Optimal Allocation
What is the mathematical definition of price elasticity of demand The price elasticity of demand is the percentage alters in quantity demanded divided by the percentage change
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