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Explain the first-order condition of sufficiency of consumer. Sufficiency of Consumer’s First-Order Conditions This first-order condition is merely essential conditions for
Functions of the IFC: The purpose of the IFC is to further economic development by encouraging growth of private enterprise in member-countries. The IFC, therefore: • inv
is economics a positive science
a) Microeconomics is concerned with decision-making within the firm, household or on the individual level, but macroeconomics is concerned with the behavior of the whole economic s
Q. Define Contribution Pensions? Defined Contribution Pensions: A pension plan which makes no specified promise about level of pension paid out after retirement. In its place,
Profit: This is surplus left over after a company sells its output and pays off cost of production (which includes raw materials, labour costs and a proportional share of its capit
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
what is the theory of second best ? prove the theorem with the help of a diagram .
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??
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