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explain monotanic
As a consumer increases the consumption of any one commodity, marginal utility of the variable commodity must eventually decline."Illustrate the statement. Illustrate law of dem
hoe does the knowledge of price elasticity of demand important to the government
Ask questiowhat are the importance of the branches of economics
1. Define the concept of opportunity cost in your own words. Given an example from your own life of the opportunity cost of a decision (do NOT use classroom examples). Explain why
explain how macro and micro issues may be represented using production possibility curve
expansionary fiscal policy occurs?
derive demand equation
how does the concept of possibility production curve aplicable in real life?
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
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