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  • 1 answers

Akhil Chandel 7 years, 5 months ago

It is another name o production possibility curve
  • 1 answers

Sakshi Sharma ??️??️??️ 7 years, 5 months ago

The Ordinal Approach to Consumer Equilibrium asserts that the consumer is said to have attained equilibrium when he maximizes his total utility (satisfaction) for the given level of his income and the existing prices of goods and services. The ordinal approach defines two conditions of consumer equilibrium: Necessary or First Order Condition and Supplementary or Second Order Condition.
  • 2 answers

Lakshita Sharma 7 years, 5 months ago

Fixed factors remains fixed whether the business is earning profit or loss or the factors change or not and variable factors change according to the needs of the customers and according to the factors...Hope it helped...?

Shivani Vani 7 years, 5 months ago

.Fixed factor change in long term production not in short run production and where variable factor change in short run as well as long term also. .Fixed factor production example land, plant ,machinery? factory ,building extra Variable factor production example raw material labour etc.
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Devansh Agrawal 7 years, 5 months ago

Yes it is included

Sakshi Sharma ??️??️??️ 7 years, 5 months ago

No
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Lakshita Sharma 7 years, 5 months ago

Economics is the study of mankind in the ordinary business of life...in easy way economics is the study of how much amount you expand on the factors and how much amount u get by doing something...Hope it helped...?

Devansh Agrawal 7 years, 5 months ago

Economics is a study that focuses on the rational management of scarce resources in a manner that our economic welfare is maximized.

Bhakti Katariya 7 years, 5 months ago

Economic is a science which studies human behavior as a relationship between unlimited wants n limited resources.

Rohit Kumar Yadav 7 years, 5 months ago

It is the study of human behavior in terms of need, wants.
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Shivani Vani 7 years, 5 months ago

The rate at which the unit of output of one good are sacrificed y (good) to producing one more unit of other good x(good)

Himanshi Singh 7 years, 5 months ago

Marginal opportunity cost is the ratio between loss of output and gain of output when resources are shifted from Use 1 Use 2.
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Devansh Agrawal 7 years, 5 months ago

When the income of the consumer falls then the demand of inferior goods increase because there is a inverse relationship between the income of the buyer and the demand of the good.

Manisha Agarwal 7 years, 5 months ago

It will increase as inferior goods arrogant low prices the consumer with less income will prefer to have them
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Sakshi Sharma ??️??️??️ 7 years, 5 months ago

In present time demand of that specific commodity will decrease and in future the demand will increase.

Devansh Agrawal 7 years, 5 months ago

The demand of other good will increase in near futute
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Devanshu Khokhar 7 years, 5 months ago

1.) Total variable cost = total cost - total fixed cost 2.) total variable cost = average variable cost x output 3.) TFC = TC - TVC 4.) TFC = AFC x output
  • 1 answers

Sharukh Khan 7 years, 5 months ago

There are lots of method for preparation
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  • 1 answers

Sharukh Khan 7 years, 5 months ago

Price and time
  • 1 answers

Kanika Mastana 7 years, 5 months ago

This is so because MC is equal to AVC and AC curve when they are at the lowest point..
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  • 2 answers

Monica Krmdb 7 years, 5 months ago

It talks about individual being

Ravishankar Kumar 7 years, 5 months ago

Microeconomics is that type of economics which deals with economic issues related to small units:an individual firm,an individual household or individual consumer.
  • 1 answers

S V 7 years, 5 months ago

This is because if it is formed above budget line it could not be attained as our budget is fixed and if it is formed below budget line it will mean that we are not using our budget fully which will not result in complete satisfaction
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Umul Fathima 7 years, 5 months ago

As consumer consumes more and more units of commodity the marginal utility derived from each successive units go on declining. This is the basis of law of demand..

Shivani Chaudhary 7 years, 5 months ago

According to law of marginal utility as we consume more and more units of a commodity each succesive unit will give less and less satisfaction.....as intensity to desire of that commodity decrease

Harash Mahato 7 years, 5 months ago

Pleeeease answer
  • 4 answers

S V 7 years, 5 months ago

Fantastic definition by Amit verma?

Amit Verma 7 years, 5 months ago

Desi bhasha me bole to, jse hi koi cheez ssti hoti h hum use jaada khareedte h or jb mahangi hoti h to hum use km khareedte h... yu smjho ki tum bazar me pyaaz lene ke liye chli gyi or tumne dekha ki pyaaz 10 rs. Kilo h to tum use jaada khareedogi maanlo 5kg. or next time jb tum baajar gyi tb 60 rs. Kg tb tum 1 kg. Hi khareedogi agar tum 1 rational consumer ho to...

Umul Fathima 7 years, 5 months ago

The law states that when all other thing remains constrant then there is inverse relationship between price of the commodity and quantity demanded of it. Thats is, higher the price, lower the demand and lower the price, higher the demand.

S V 7 years, 5 months ago

It means that demand and price of a good are in inverse relationship. When price of a good increases its quantity demand decreases and all other factors remain constant and vice versa. For e.g. you will demand more quantity (10 units) when price is rs 5 but demand reduces to 5 units when price is rs 10
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Jasmeen Kaur 7 years, 5 months ago

From where i can get the best and easy content for project
  • 0 answers

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