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Consumer Choice * Consumers choose a combination of goods which will maximize satisfaction they can attain, given the some degree of budget available to them. * The maximiz
define real and nominal wages
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
What is the theory of second best? Prove the theorem with the help of a diagram
need to get assignment on income effect and substuation effect how does increase in price of both comodity will affect the or show the new effect
how to find pareto efficient output using algebra
Demand is defined as a schedule of the quantities fo good that will be purchased at various prices similarly the supply refers to the schedule of the quantities of a good that will
Protection of infant firms: Infant industries are those firms, which are young. The absence of economies of scale to them makes their unit cost of production higher than older
What are the causes of emergence of monopoly?
what is modern theory
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