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MUa/MUb how it happens? and why this occur?
f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)
a consumer consumes only two goods x and y is in eqillibrium price of x falls explain the reaction of consumer through utility analysis
What is ceteris Paribus? Ceteris paribus is a Latin phrase, literally translated as "other things the similar," and usually rendered in English as "all other things being equa
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Answer in True or Flees 1. "Revealed preference methods for valuing environmental services and goods (for example hedonic price method, travel cost model, etc.) can reveal non-
How does a per unit tax affect consumer surplus.
9. The average supernormal profit for the firm is
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