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Q. What do you mean by Patulin?
It is a toxic and antibiotic metabolite produced by several species of Penicillin, Aspergillus and Paeciliomyces but the most important in the context of human food production is P. expansum, a soft rot pathogen of apple and pears. Patulin is unsaturated lactose and is sensitive to sulphur dioxide and is unstable in alkali but stable in acid.
Explain what convex indifference curves means in terms of marginal utility. What properties must a utility function have in order to obtain convex indifference curves?
what is economic laws ans characteristics of economic laws?
1. Consider a natural monopoly. I. Show graphically and discuss how price and quantity are set by the natural monopolist. II. Define the areas corresponding to the consumers'
explain the stages and various coordination mechanisms involved in policy processes.
Could you explain the "interest rate effect" in terms of the slope of a curve?
Shambles, a large toy retailer, are looking at bringing out a new range of soft toys. The range under consideration is "Mythical Beasts." The "Mythical Beasts" range will cost £50
Compute the following probabilities a) If Y is distributed N(1,4) find Pr(y ? 3) b) If Y is distributed N(3,9) find pr(y>0) c) If Y is distributed N (50,25) find pr(40?Y?5
How do the five competitive forces in Porter's model affect the profitability of the overall industry? For example, in what way might weak forces increase industry profits, and in
Firm effects are more important the industry effects. What does this mean? Can you think of situations where this might not be true?
Let us now see a bit more closely how monetary policy works. See Figure Figure The initial equilibrium at point E is on the initial LM schedule that corresponds to a
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