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Homework 4 Q1. Suppose a consumer has utility function (u) = xy where x and y are amounts of two commodities that this consumer consume. Suppose this consumer’s income is $120, pri
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
consumers oriented application
do you think that dimnishing returns to a factor are consistent with increasing returns to scale? explain with suitable diagram and reasoning.
how is monopoly different from opligopoly
Which of the following statements is correct? a. Consumers have the ability to buy everything they desire. b. A consumer''s budget line shows the limits to what a consumer can buy.
What is the theory of Second Best? Prove the theorem with the help of a diagram.
On what kind of income is our taxing system based?
project on visit to village for agriculturebased project
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