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Indirect Utility Functions: Let qi denotes commodity i and pi is the price of that commodity. Let y denotes money income of the consumer. Suppose vi = pi/y. The budget constra
on what grounds is consumer surplus criticised?
how a firm will choose its optimal inputs, isocosts and isoquants explanation
What is hyper inflation? How it can be reduced? Hyper inflation means that prices of the consumable goods are very high. Prices can be decreased by supplying more goods in th
Monopsony is single buyer of a commodity in the market. The MRP slopes downward in an imperfectly competitive (resource) market serving an not perfectly competitive product mar
Disadvantages of State Trading State trading has several disadvantages. (i) State trading is often afflicted by the corruption and inefficiency usually associated with the pu
What are the basis for International Trade?
write name and symbol of element from s-block that has zero oxidation state?
Recent developments in demand theory
How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade
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