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Duality Theorems: The relationship between the direct and indirect utility functions may be described by a set of duality theorems. The following illustrative theorems are pro
x-3y+6z=1 2x-5y+10z=0 3x-8y+17z=1
The table shows the demand schedule of Taylor Swift’s concert ticket. Draw the demand curve for her concert ticket
Illustrate the content in the rational consumer? Content in the rational consumer: a. How to spend income onto goods and services? b. Why maximizing usefulness? c. Wh
subsitution effect dominate tha income effect in which good case?
Q. Explain abput Capitalist Class? Capitalist Class:Group of individuals (which represents just a couple of percent of population in advanced capitalist countries) which contro
If the price of that cup of teh-tarik has increased in such an amount,economists may not necessarily conclude that the country is going throungh inflation.why is that so?
illustrate and explain the changing demand gor big Mac using the indifference curves and budget line
Homework 4 Q1. Suppose a consumer has utility function (u) = xy where x and y are amounts of two commodities that this consumer consume. Suppose this consumer’s income is $120, pri
#what is exceptional supply curve
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