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what does it mean by a normal good ?
a) Joan's utility function can roughly be estimated as : U = 60Q 1 3/4 Q 2 2/3 She chooses from two composite commodities Q 1 and Q 2 whose prices per unit are kshs 20
Ask question how do I find the Price
explain the fundamental task of economic system usin tomatoes as an example
How to determine the number of moles of butane by your number of moles of butane? using (PV=nRT)
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
Credit Squeeze:At times private banks become reluctant to issue new credit andloans, frequently because they are worried about risk of default by borrowers. This is common at the t
How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade
suppose, as in the federal income tax code for the united states, that the representative consumer faces a wage income tax with a standard deduction. That is the representative con
Motives of regional financial institutions: There are mixed motives for the donor countries to provide development assistance to developing nations. While a desire for poverty
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