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Demand Function is Homogeneous of Degree Zero: Mathematical Presentation we will show that demand function is homogeneous of degree zero in prices and money income. In o
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concept of supply and the factors that affect the supply
what are the practical importance of income elasticity of demand?
Critically examine recent developments in demand theoryon #Minimum 100 words accepted#
First Degree Price Discrimination - The monopolist sells different units of the commodity at different prices which differ from person to person. Second Degree Price Discriminat
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
Trends in the Growth of Production and Productivity: From an analysis of the trends of growth of production and productivity of agricultural sector as a whole and of differen
1. Suppose that Mr. John has the following Cobb-Douglas utility function U = 6X^2/3y^1/3 the market price of X and Y commodity are $1 and $2, respe
how do you calculate opportunity cost
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