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discuss how economic theory explains the optimum pattern of consumption of an individual consumer
how does utility figure in the analysis of consumer demand
Vulnerability in international relations: Dominance, dependence and vulnerability in international relations.A greater volume of Ghana’s exports comes from primary commodities
Risk Averse: - A person who prefers certain given income to risky income with same expected value. - A person is careful risk averse if they have a diminishing marginal ut
Explain how the price system eliminates a surplus. The meaning of surplus is that quantity demanded is less as compared to the quantity supplied. This will lead to downward pr
what to produce? how to produce? for whom to produce
define statistics in plural and singular sense
Under capitalism, most production is undertaken by private companies (of various forms), with the goal of generating a profit to the company's owners. Profit is obtained when compa
What is the theory of Second Best? Prove the theorem with the help of a diagram.
what are the sources of monopoly power
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