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According to the Linder theory ,trade will occur in goods that have overlapping demand. With aid of a graph ,illustrate this theory and its implications
Deviation from ideal gas behavior The Van der Waal''s Equation This is observed, deviations from gas laws are high under high pressures & low temperatures. The Van der Waal suggest
extenstion n contraction of demand curve
Explain about the optimal consumption rule. The optimal consumption rule: While a consumer maximizes utility, the marginal utility per dollar spent should be similar for all
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
what is the indirect utility/
why is normal rate of return on capital included in the total cost and what implication does it have
determination of interests rates in classical system
Jane receives utility from days spent travelling on vacation domestically(D) and days
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
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