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what do you mean by social welfare function
What is studying platform? Explain this term in brief. Studying Platform: A studying platform into modern economics comprises some basic economic principles or theories. Thi
explain the central problem of economy with production possibility curve?
Pollutant Any substance, species produced either by a natural source or by human activity, which produces very adverse effect on the environment is called pollutant. Some commo
Wealth Tax: A tax in that owners of specific forms of wealth (likereal estate, financial wealth, or inheritances) should pay a specified proportion of that wealth to government, us
What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic
In theory, we know that a monopolist basis its price directly off of the demand curve, but in practice a monopolist cannot ''see'' the demand curve. Explain how a monopolist might
llustrate and explain the changing demand gor big Mac using the indifference curves and budget line
Why is the goal of stability and security important to many people? What problems typically emerge during periods of instability? The instability over the business cycle can b
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
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