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-- Discontinuity of the phenomenon -- Final degree of utility of instrumental goods of various orders -- Supply and demand -- Law of … the variation of supply and demand -- Law of supply and demand assuming that the final degree of utility of an economic … demand and supply are known -- Need for new phenomena to be considered -- Numerical calculation of the final degrees of …
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final-demand items bought for consumption and not subject to resale. Classical economists following Adam Smith articulated a … demand values (maximum willingness-to-pay), and symmetrically, supply costs (minimum willingness-to-accept). We develop and …
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