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compare the concept of MRTS with the MRS and discuss the similarities and difference between them?
RECENT DEVELOPMENT OF DEMAND THEORY: The basic theory of consumer behaviour discussed in the previous unit can be extended in many directions, and can be applied to cover opt
Does the curve represent if the risk is NOT taken and the line connecting two points on the curve represents if the risk IS taken?
Inflation is not possible under the gold standard.” Is this statement true, false, or uncertain? Explain your answer.
an emission fee levied against polluting firms will tend to shift the supply/demand curve of the firm/product to the left/right?
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
Suppose the price of printing paper for digital cameras has recently risen by 10 percent due to an increase in the cost of materials used in the finish for the paper. As a result,
Pensions: Pension benefits are paid to individuals who have retired from active employment, in order to support themselves in last years of their lives. Pension programs can be spo
explain normal profits
Health and Life Expectancy: In addition to struggling on low income, many people in the developing nations fight a constant battle against malnutrition, disease and ill healt
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