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discuss utility
could a nations production possibilities curve ever shift inward
what are criteria and conditions for pareto optimacy
what is supply and demand
THEORY OF INTER-TEMPORAL CONSUMPTION: In the previous two units, we have been concerned with choices among contemporaneous commodities. An important class of choices made by c
1. Suppose that Mr. John has the following Cobb-Douglas utility function U = 6X^2/3y^1/3 the market price of X and Y commodity are $1 and $2, respe
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
the definition of exceptional supply curve
reasons for and against free trade with foreign sector
Low levels of productivity: In addition to low standards of living, developing countries are characterized by relatively low levels of labour productivity. Throughout the dev
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