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Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
to what extent does Marginal revenue productivity theory explain wage determination in Zimbabwe
SHORT PERIOD ANALYSIS: Short period in production refers to a time when some inputs remain fixed. A fixed input is one, whose quantity cannot be changed readily, whereas, a va
How does the indifference curve and budget line for a neutral good look like?
The Case: In Pakistan, sugarcane, wheat, rice and cotton accounted for 90% of the value added in crops and 6% of GDP in the last fiscal year but the average yield of these crops is
what is linear programming
Comparison with Our Needs: We can further test our performance by juxtaposing it with our requirements. Admittedly, it is very difficult to determine 'needed' rate of growth w
uses of time series in Indian Economy?
The Acme Bakery in the seaside resort town of Malvino sells freshly baked bread to two categories of consumers: residents of the town and tourists. The weekly demand from touris
introduction of production
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