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an increase in immigrants
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
schedule and diagram of iso cost
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
What is the optimal consumption bundle and marginal utility per dollar? The optimal consumption bundle is the consumption bundle which maximizes a consumer's total utility sp
Transactions demand for money: Transactions demand for money represents cash balances held by economic agents in order to carry outordinary everyday transactions.For example,
Suppose that demand is downward sloping and supply upward sloping. Subsidies cause dead weight loss despite the fact that: 1)consumer surplus increases. 2)total surplus increases
what are the similarities and differences of marginal productivity and marginal utility
how can we bring in the marginal propensity to consume
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
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