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Attitude towards Risk: Let's assume the following: The utility function • has the single argument "wealth" measured in monetary units, • is strictly increasing, and
define and explain theory of production?
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
diagrammatically condition of consumer equilibirium
The "Battle of Sexes" is a famous game. The story is that a couple tries to decide what to do on a Friday evening. The girl prefers to go to an Opera and the guy prefers to go to t
Determinants of Private Demand - Regional Disparity There is imbalance in distribution of facilities. There are over 600000 villages in India. And there were over 8737 degree
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded
Consider an upstream firm in Russia that mines iron ore at a total cost of $15 q , where q is the number of tons of ore. This upstream firm then ships ore to Germany for processi
V alue Additivity In an efficient market the value of any 2 assets can be estimated as the sum of the values of the two individual assets. This is a variation on the theme
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