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Tuesday, September 30, 2014
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Marginal rate of substitution The marginal rate of substitution is that rate at which consumer gives up or sacrifices some units of c...
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Monday, September 29, 2014
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Indifference curve Indifference curve is famous technique to deal with the consumer behavior in case of consumption of two goods x an...
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Derivation of demand curve from law of diminishing marginal utility The downward sloping demand curve which represents inverse associ...
Sunday, September 28, 2014
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Consumer equilibrium in two commodity and multi commodity In two commodity In reality consumer consumes different commodity at a ti...
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