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explain engineering cost
What are the economies and diseconomics of scale?
What are the uses of elasticity’s to the public sector and private sector?
Positive versus Normative Economics Positive Economics Positive economics considers with the predictions or observations of the particulars of economic life. For instance:
veblen effect
what are the properties of indifference curve
what is pure competition markets?
How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump
the general characterictics of economic models,its limitations and verification
Comparison of sameulson revealed preference theory with the Hicksian revealed preference theoru
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