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Describing Risk
* To measure risk we should know:
1) All the outcomes which are possible.
2) The probability that each outcome will occur.
* Interpreting Probability
- The probability of the given outcome to occur * Interpreting Probability
- The probability which the given outcome will occur
- Objective Interpretation
- Subjective
- Different information or abilities to process the same information can influence subjective probability
Reorganisation of Export Councils: India has a large number of exporpromotion councils, commodity boards and other similar agencies, butheir impact on India's foreign trade h
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
Consumer Behavior The description of how consumers allot their resources (income) to the purchase of various goods and services to get maximum in their well being. There a
explain about integrability problem
What is buget line how it is calculated?
explain and illustrate the changing demand for big mac using indefference curve and budget line
Using tools of indifference curve, highlight on consumption in business economics.
draw the supernormal curve
Why were there not any sustained increases in material productivity of human labor back before 1500? Since improved technology quickly ran aground on resource scarcity. As huma
examples of quantity demand when prices increase
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