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what are the main properties and assumptions of indifference curve
1. Let's get some practice plotting budget constraints. On the graph below, plot the budget constraints when: a. (Use Black): P x = 57,P y = 18, and M = 342. b. (Use Blue):
explain 6 factors that determine volume of production
Define law of supply. Quantity supplied rises as price raises, other things constant. In other words, "Other things being equivalent, when the price of a product rises, then s
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Types of production function
Supply and demand for a given type of MP3 player are given by the following equations: P=980-1.5Qd P=20+0.9Qs
What are the types of demand
reasons for and against free trade with foreign sector
explain and illustrate the changing demand for big mac using indefference curve and budget line
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