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Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
how a firm will choose its optimal inputs, isocosts and isoquants explanation
Fixed input and variable input: A fixed input is that input whose quantity cannot be varied in the short-run when demand conditions require an increase or a decrease in produc
graphical illustrations describing the influence of an increase in immigrants on the market supply of labour
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EXCEPTIONAL SUPPLY
what is externalities and market inefficiency
Returns to Scale Measuring relationship between scale (size) of a firm and output 1. Increasing returns to scale: output more than doubles when all the inputs are doubled
The Value of Title Insurance While Buying a House * A Scenario: - Price of house is $200,000 - 5% chance that seller does not own house * Risk neutral buyer would pa
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