Explain the law of diminishing marginal utility, International Economics

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Question 1 What are the main areas of microeconomics that business managers must be familiar with in performing their managerial functions effectively and efficiently?

Question 2 Explain the Law of Diminishing Marginal Utility

Question 3 Discuss the properties of an indifference curve

Question 4 How is national income calculated under the factor-share method?

Question 5 What are the assumptions made by the two-sector model?

Question 6 Try to identify the causes of corruption in India. How can the country overcome this problem?


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