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How is consumer utility calculated?
concept of supply
Why some country saving less and consumption more?
What is the theory of Second Best? Prove the theorem with the help of a diagram.
Change in the population of consumers: Population changes may affect the demand for a commodity.Areas of high population may demand more of certain commodities than areas of low
Direction of Trade: It is indicative of the structure and level of economic development. As a country develops and its trade gets diversified, it has to seek new outlets for i
suppose you have a coffee shop. list of fixed input and variable input for operating the shop
construct your own version of a production possibility curve and use it to explain scarcity, opportunity cost and choice
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1. Assume that the market for wheat is perfectly competitive. Suppose the demand curve for wheat is given by: QD = 200 – 2P where QD is the quantity demanded, in bushels, and P i
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