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Problem:
(a) Explain with the help of a diagram, the effect on a consumer's equilibrium, of an increase in the price of commodity X while the consumer's money income and price of commodity Y remains unchanged.
(b) If the government intends to restore the consumer's current welfare to its original level, illustrate how would the process of income compensation proceed to realise that objective.
definition of optimal use of veriable input
find out the characterstics of national stock exchange
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ELASTICITY OF DEMAND
p=10, TC= 1000+2Q+.01Q^2, Q=?
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What is Cyert and March's behavior theory? What are the demerits.
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