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what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
Deviation in graph
Explain the meaning of the statement "coffee and tea are close substitutes".
plot the demand schedule and draw the demand curve for the data given for marijuana in the case above
Suppose that demand is downward sloping and supply upward sloping. Subsidies cause dead weight loss despite the fact that: 1)consumer surplus increases. 2)total surplus increases
Which drug is likely to be the most profitable for its producer (in terms of average “per-drug” profit)?
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
why the PPC curve slopes downward?
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Nature of Expectations in Keynes' Theory : The above discussion on the nature of expectations in Keynes' theory may be summarised as follows: 1) In forming long-term expec
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