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Assume that John has the following preference relation over two goods, bread and bear (x1, x2). He strictly prefers any bundle x over y whenever x haves more bear than y, whatever the quantity of bread. If the two bundles have the similar amount o bear, he prefers the bundle containing more bread. Find John's indifference curves onthe space R2+.
"In U.S., there is a culture of greeting people of the same sex. It's not common that people give attention to the people of the opposite sex. However, in the middle class, it's a
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
#i need more light about it..
explain about integrability problem
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How much would the price of Good Z (Pz) have to change in order to increase the consumption of Good C by twenty five percent (25%)?
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
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