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i) Two firms, A and B, are operating in a UK textile industry under duopolistic condition and choose to either produce at "High" price or a "Low" price. Suppose you are the man
Draw an indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure, this is different.)
using the marginal utility approach, discuss how economic theory explains the optimum pattern of consumption for an individual consumer. consider how far this analysis can explain
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
Q. What do you meant by Investment? Investment: Investment represents production which isn't consumed though rather is utilized in the production of other additional output. In
Could I have examples of syndicated and organized oligopolies with companies as examples
What is development economics? Traditional economics studies the allowance of scarce resources among alternative uses. Development economics seems at the economic, politica
National income: The national income or product or expenditure provides a measure of total value at factor cost of final goods and services, which are available either fo
Why short run average cost curve is ‘U’ shaped
what is a sub game perfect Nash equilibrium
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