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the law diminishing marginal utility explain through flow chart
how can we solve central problems of economy in different econmy?
Below are the two estimated cost functions. describe what type of data was most likely used to estimate each one and why. Explain which is a short- run function, determine the leve
The Long-Run Behavior of Natural Resource Prices Observations – Exhaustion of copper has increased by a hundred fold from 1880 through 1998 signifying a large increase in
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Briefly explain the main macroeconomic objectives of governments. Definition of macroeconomic issues Growth a) Enhance in national income per unit of time, a
How many hours will an individual allocate to leisure if their indifference curves between consumption goods and leisure are concave to the origin? Show in figures and explain in
what is the importance of law of supply
using necessary and sufficient condition explain consumer surplus diagrammically and mathematically?
prove that marginal utility of x=the price of commodity x.
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