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determine the indirect utility function in briefindirect utility functionthe ordinary utility function ux is described over the consumption set x and
explain the first-order condition of sufficiency of consumersufficiency of consumerrsquos first-order conditionsthis first-order condition is merely
what is optimal choice of consumer according to consumer behavior consumers optimal choicein the fundamental problem of preference maximization the
what is utility maximization according to consumer behaviorconsumer behavior utility maximizationa foundational hypothesis onto individual behavior
what is an optimization in the methods of mathematics of modern economicsoptimization is a basic tool for the development of modern microeconomics
discuss about the language and methods of mathematics in modern economicslanguage and methods of mathematicsthis section reviews some fundamental
how is the wrong conclusion result in necessary condition not in the sufficient conditionthis is often heard that the market institution must not be
what are the differentiated conditions of economic issuewhile discussing an economic issue this is very important to differentiate betweena two types
illustrates the stages of the production of an economic conclusionthe production of an economic conclusion generally goes into three stages as
what are the parts of valuable economics paperthe consequence of economics research is an economic conclusion usually a valuable economics paper
what are the advantages of using mathematics in modern economicsmany of the advantages of using mathematics are as followsa the ldquolanguagerdquo
illustrate the roles of mathematics in modern economicsroles of mathematics in modern economicsmathematics has become a significant tool into modern
explain about the perfect competition according to economics theorythe procedure of testing and refining theories is the key to the development of
when is the economic theory uselessone misunderstanding is to under-estimate the role of an economic theory several people thought an economic theory
how are the limitations of the economics theory affectedlimitation of economic theorywhile examining the generality of an economic theory one must
define the generality of economic theory in the modern economicsgenerality of economic theoryan economic theory is based onto assumptions imposed
explain the roles of economics theoryroles of economic theoryan economic theory has three probable rolesa this can be used to describe economic
what is use of analytical tools in the modern economicsanalytical toolsmodern economics also gives different powerful analytical tools which are
what is studying platform explain this term in briefstudying platforma studying platform into modern economics comprises some basic economic
how are consequences of economists usedeconomists generally use efficiency information equilibrium and incentive compatibility like focal points and
discuss about the evaluation step in analytical frameworksevaluationsthe fifth step into studying an economic step is to estimate outcomes resulting
explain about the determination of equilibriadetermination of equilibriathe fourth step for studying an economic step is to make trade-off choices
define the adoption of economic institutional arrangement in analytical frameworksadoption of economic institutional arrangementthe third step for
illustrate about the imposition of behavior assumptions in analytical frameworks of modern economicsimposition of behavior assumptionsthe second one
explain the approach of characterizing the modern economic environmentmodern economics gives various perspectives or angles to seem at real world