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u=2x^2+3y^2 hence income=310 birr and price=3 birr calculate quntity of x and y the optimize&minmize utilityfor the given income
indifference curve and budget line
What is opportunity cost? Answer: Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the advantages that co
a more simple explanation of the group equilibrium in the short and long run
I need some help to answer a discussion topic question about Potential Pareto Improvement, based on an article
subsitution effect dominate tha income effect in which good case?
types of market competitions
Tc and TVC curves have an inverted s-shape
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
Differentiate between nominal and real exchange rate. Nominal exchange rate is the rate which actually prevails in the foreign swap market. The real exchange rate is the rate
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