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what is market equilibrium and disequilibrium?
Ask questioThe difference between the present value of cash inflows and the present value of cash outflows over a period of time is termed as Net Present Value. This is used for th
Factors of Production : The factors of production are the resources that are essential for production. They are usually separated into 4 dissimilar groups: Land - all natu
what is direct utility in micro economics?
Theory of revenue
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?
#question.what is the periodc clasification?.
Problem: a. With the help of diagrams, describe how the price and quantity of potatoes will change under the different circumstances: (i) A severe drought affecting its pro
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What are the properties of indirect utility function? Properties of the indirect utility function: While u(x) is continuous and monotonic onto R L + and (p, m) > 0, the in
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