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Problem 1: a. Describe the concept of opportunity cost, using the production possibility curve. b. What are the fundamental problems of an economy? Describe how the command
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Production: - Firms should choose how much of each to produce. - The alternative quantities can be illustrated by using product transformation curves. Product Transforma
#question influence of an increase in migrant on market supply labour
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
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argument against in favour of traditonel theory profit maximisation
Q. What do you meant by Investment? Investment: Investment represents production which isn't consumed though rather is utilized in the production of other additional output. In
Explain the key assumptions and desired properties commonly used economics. Economists generally make all or some of the given key assumptions and a condition while they study
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