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consumer equilibrium by indiffrence curve approach
Mamun has a weakly income of 600 dollars. Price of chocolate is 5 dollar and price of potato is taka 10. Both are normal goods. Show the income and substitution effect for each of
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
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Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
#question.case study of bain limt price theory
lung run eqiulibrium
In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.
Explain about the optimal consumption rule. The optimal consumption rule: While a consumer maximizes utility, the marginal utility per dollar spent should be similar for all
Q. What do you meant by Relative Poverty? Relative Poverty: A measure of poverty based on an individual or family's relative income compared to overall average level of income
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