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define opportunity cost and how it is useful in managerial decision making?
Dynamic model
Explain the term Laissez-Faire The term "laissez-faire" is used to explain an economic system where the government intervene as little as possible and leave the private sector
A consumer purchases food (X) and clothing (Y). Her utility function is given by: , income is $100 and the price of food is $1 and the price of clothing is Py. a. Derive the equ
aid of production possibilty curve
Explain the roles of economics theory. Roles of Economic Theory An economic theory has three probable roles: a. This can be used to describe economic behavior and economi
Protection against dumping: It could be looked at as the export of commodities priced below cost of production. Dumping is generally looked upon as an unfair trading practice
the law diminishing marginal utility explain through flow chart
what do you understand by demographic window acess by india
what are the merits and demerits of deductive inductive methods in economic analysis?
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