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An economy has only one member Robinson Crusoe. Robinson allocates his time between fishing and collecting fruits. One hour spent finishing yields 4 fish. One hour spent collecting
prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
What is meant by labor force? In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above
causes for emergency of monopoly
What is the theory of second best? Prove the theorem with the help of diagram.
how does the prices system affect a country
How dose PPC help, illustrate the basic economic problem?
price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
Assume that the market for lamb is perfectly competitive. Using an appropriate model (or models) illustrate and explain a. How a competitive market arrives at equilibrium
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