Define Utility Terms Using Graphs and Mathematical Expressions
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u(c,t)=c+t whre u is utility function and c and t perfect substituted goods
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utility
Mu=p1/p2
define the following terms using graphs and mathmatical expressions 1) utility 2)Util 3)Iso cost 4)Indifference curve 5)Budget line 6)Monoplist 7)Kinked demand curve 8)Social exploitation 9) Profit 10) Perfect competation marke
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diffination of utility using graphics & mathematical expression
utility is the quantities of goods and services that an individual consumes
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What is mathimatical and Graphical definion of utility?
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