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explain about integrability problem
how do minimum unit costs change with changes in fixed cost?
when does price and output determined in the unregulated monopoly
What is Expenditure Function? The Expenditure Function: When preferences satisfy the local nonsatiation assumption, in that case v(p, m) will be strictly increasing into m.
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
illustrate and discuss the implications of various markets structures(competitive and non-competitive) for price dertimation
What is meant by dumping? Dumping is when a producing country dumps goods on foreign markets at a price lower than either the price on the home market or below the cost (HL: ma
find equilibrium level of income
Andrew has preference given by: u(x,y) = min{2x, 3y} The price for good x and good y are identical and equal to 4. At his optimal consumption bundle he achieves a utility of 90. W
what are the properties of indifference curve
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