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what is the theory of second best ? prove the theorem with the help of a diagram ?
what is diffusion and effusion of gases? Describe Graham''s law of diffusion, effusion. Diffusion of gases While during two gases are brought together they mix with each other in
What is the theory of absolute and comparative advantage?
Ben prefers the mixed consumption basket x+y to either 2x alone or 2y alone. But as between the latter baskets, he would rather have the 2x. Do the fact stated indicates the axiom
Explain Monetarist and Monetary policy Monetarist: A group of economists who believe that alters in the money supply are the most effective instrument of government economi
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
Project requirements: Refer to Table and answer the following questions for EACH organism listed above. Word requirements are outlined for each question - this represents a minim
market failure
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
Explain the axioms of completeness, transitivity and non-satiation using appropriate examples.
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