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Essay

A Basic Analysis Of The Balkan Economy In Relation To The E.U.

Essay specific features

 

Issue:

Business

 

Written by:

Karl M

 

Date added:

March 23, 2013

 

Level:

University

 

Grade:

 

No of pages / words:

39 / 10687

 

Was viewed:

4190 times

 

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Essay content:

Points on the buget line will all be within the consumers budget for food. All points below the line will show the possible combinations of dinners avaiable for his choice. All points above the line wil be unaffordable. It will be possible to see how far the consumer could indulge his passion for seafood in one week...
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It will be possible to see how far the consumer could indulge his passion for seafood in one week. (Slope of budget line = -Pu/Pv) The next considerations that might be taken are the marginal rate of substitution of one meal for another without changing the total utility, the diminishing marginal rate of substitution which will hold utility constant and representation of taste as indifference curves...
displayed 300 characters

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