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if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
How are consequences of economists used? Economists generally use efficiency, information, equilibrium and incentive compatibility like focal points, and examine the consequenc
draw demand curve for a-phone explain how the graph, price ,and quantity demand will change if there is an overall increase in income.
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What is Hicksian demand function? Hicksian Demand Function: The solution of expenditure function that is the function of (p, u) is denoted by h(p, u) and termed as the Hicks
Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages pai
Terms of Trade: The ratio of average price of a country's exports, to average price of its imports, is its terms of trade. Theoretically an improvement in a country's terms of trad
I am concerned that if we get into price war with Everest Solution
Consumer Surplus -Difference between maximum amounts a consumer is wishing to pay for a good and amount actually paid. The stepladder demand curve is converted into a
f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)
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