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Prove that utility approach and indifference curve yield the same consumer equilibrium
describe engineering cost theory in detail
Composition of Trade: It is indicative of the structure and level of development of an economy. For instance, most of the UDCs depend for their export earnings on a few primar
A tax imposed on a market with an inelastic demand and an elastic supply will cause
what are things you need to look in manner of functions,elements,purpose,types and definitions?
discuss how economic theory of marginal utility explains the optimum pattern of consumption for an individual consumer
Entrepreneur: The entrepreneur or enterprise is a special factor of production that is in charge of the organization of the other three factors of production (land, labour and
Let Consider the following insurance market. There are two states of the world, B and G , and two types of consumers, H and L, who have probabilities p H =0.5 and p L
Price Discrimination: occurs when the same product is sold at different prices to different consumers. A monopolist divided his consumers into groups and sells his product at vary
Which of these will be included in US GDP for 2005? a) A car produced in Japan in 2005 and sold in the US in 2005 b) A car produced in the US in 2004 and sold in Japan in 2005 c) A
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