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Explain how diminishing returns differ from diminishing returns to scale. The answer should clearly distinguish among SR (one or more factors are fixed) and LR (where all facto
Resilience in Addition to Strength: The BOP has been in overall surplus since 1996-97 with forex reserves rising, on an average, by $8.50 billion per annum during 1996-97 to 2
compare the concept of MRTS with the MRS and discuss the similarities and difference between them?
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explain how scarcity impacts choice 2.expain the three steps process in economic analysis
demand elasticity
subsitution effect dominate tha income effect in which good case?
what happen when a supply shift to the right on a graph
Elasticity help
discuss utility
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