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Graphically illustrate the indifference curve with cloth and beach balls as two goods. Explain the concept of indifference curve and marginal rate of substitution. If
- Graphically illustrate the indifference curve with cloth and beach balls as two goods. Explain the concept of indifference curve and marginal rate of substitution. If Cloth is produced more due to technological advancement how would your Indifference curve look, draw and explain.
- Explain a small structers in detail. (Pure competition, monopoly, monopolistic competition, Oligopoly, duopoly)
- If petrol is scarce, what will the next alternative be in Oman. What should the people do to save this resource. Think and explain in some detail.
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