What is the budget curve and what is the condition for, Business Economics

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What is the budget curve and what is the condition for

1. What is the budget curve and what is the condition for utility maximization?

2. Why is the marginal rate of substitution declining?

3. Explain the Lewis two-sector model.

4. Explain the neocolonial dependence model.

5. Explain the false-paradigm model.

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Business Economics: What is the budget curve and what is the condition for

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Business Economics: What is the budget curve and what is the condition for

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