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Surplus The surplus is a condition under that supply for a good or service is in excess of the demand for that good or service. When this happens, there is commonly a reduction
show that the necessary and sufficient conditions for consumer equilibrium under both cardinal and ordinal utility theories are identical .
#question. what is the underlying reason for the law of increasing opportunity cost?
write down the assumotions and importance of game theory
Ask questi‘Social welfare functions embody a normative conception of the relative importance of equity and efficiency’. With the aid of diagrams, illustrate and explain this propos
Unemployment Rate A measure of labor force utilization the unemployment rate is equal to the number of people which is unemployed as a percentage of the total labor force.
Control of Monopolies and Restrictive Trade Practices Monopoly hampers economic growth by lowering output and increasing prices and has an anti-social impact. In India, the Monopo
discuss african traditional methods of production and processing of food
#question.contrast the long run equilibrium position of monopolistic competition firm and oligopoly.
Change in the population of consumers: Population changes may affect the demand for a commodity.Areas of high population may demand more of certain commodities than areas of low
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