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Hi I need help with elasticity. I think the problem has already been posted to your site.
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Determine the indirect utility function in brief. Indirect Utility Function: The ordinary utility function, u(x), is described over the consumption set X and thus to as the
Consumer Preferences Indifference curves represent all the combinations of market baskets which provide the same level of contentment to the person. Consumer Preferences
MUa/MUb how it happens? and why this occur?
price quantity 10 60 20 70 30 90 40 110 50 130 derived a supply function for the relation between price and quantity
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
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