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what is money? functions
Insurance - Risk averse are willing to pay to keep away from risk. - If cost of insurance equals expected loss, risk averse people will buy sufficient insurance to totally r
concept of innovation theory of profit and criticism
the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss
types of market competitions
#1 explain with the aid of diagram the effect of an increase in demand for palm oil on the equilibrum position for palm kernel
what is direct utility in micro economics?
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commod
How is consumer utility calculated?
what is linear programming
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