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what are the main properties and assumptions of indifference curve
scope of microeconomics
determination of optimal solution mathematical presentation
There are two individuals in town, one is high risk and the other is low risk. 1 The probabilities of having an accident for the low risk individual and high risk individual are p
1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
Why Average Revenue= Marginal Revenue
If at point A sacks of rice is 205 and sacks of corn is 0. What is the decrease in rice production?
critically analysis firm theory of profit maximization?
Use of Income elasticity of demand: Income elasticity of demand on the other hand, has the following uses (i) Income elasticity of demand shows how the pattern of consumer de
given that a=(4;2) and b=(5;11)determine the value of x in the following equation b=3x-1/2a
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