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1. Let's get some practice plotting budget constraints. On the graph below, plot the budget constraints when:
a. (Use Black): Px = 57,Py = 18, and M = 342.
b. (Use Blue): Px/Py =4/5 and M/Py = 20.
c. (Use Red): M/Px = 14 and M/Py = 16.
d. (Use Pencil): Px/Py =4/5 and the bundle (19, 16) is on the boundary of the feasible set.
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Define Law of conservation of mass, Explain briefly, Law of conservation of mass: In all physical & chemical changes the total mass of the reactants is equal to that of the produ
CONSIDER THE DEMAND CUVE Q=100-50P DRAW THE DEMAND CURVE AND INDICATE WHICH PORTION OF THE CURVE IS ELASTIC ,WHICH PORTION IS INELASTIC AND WHICH PORTION IS UNIT ELASTIC
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how to find least cost combination of factor inputs given the production
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