Why the slope budget line downward
Describe why is the budget line slope downward?
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Since with given money income when a consumer purchases more of one good, he has to buy less of another goods.
I have a problem in economics on Equilibrium rate of monopsony exploitation. Please help me in the following question. Equilibrium rate of the monopsony exploitation by a firm is a difference between: (i) MRP and VMP. (ii) VMP and w. (iii) MFC and w.
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Elucidate the role of margin requirements for correcting deflationary gap.
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