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Explain about the optimal consumption rule. The optimal consumption rule: While a consumer maximizes utility, the marginal utility per dollar spent should be similar for all
note for assignment
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
#question.describing risk,preference towards risk, the demand for risky assest.
formula of range
Factors determine the price elasticity of supply: The price elasticity of supply varies widely across different products. Some products have more leastic supply, while others
what is basing point
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
Q. Define about Mutual Fund? Mutual Fund: A financial vehicle that involves pooling investments in the shares of many different joint stock (or publicly traded) companies, in o
Physical Capital: A tangible tool, machine, building or other productive asset that is used to produce other goods or services. Pollution: Many economic activities involve disch
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