Define Utility Terms Using Graphs and Mathematical Expressions

show graph

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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