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what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
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Positive versus Normative Economics Positive Economics Positive economics considers with the predictions or observations of the particulars of economic life. For instance:
What does Keynesian consumption function say about tax cuts
1. Consider a world with two assets: a riskless asset paying a zero interest rate, and a risky asset whose return r can take values +10% or –8% with equal probability. An individua
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What are the different pricing practices?
Earth is completely surrounded by thick envelope of gases called atmosphere. Atmosphere is sub divided into different layers depending upon the distance from the sea level. The
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded
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