Assumptions of micro economics analysis Divisiblity explains From class 11
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Assumptions of Microeconomics
Every individual behaves in a logical or sensible manner. Valid information about supply, demand, price, and other market conditions are freely available. Efforts of goods and labor are divisible.
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The principle of reversibility presupposes that the attenuation of a light ray during its passage through an optical medium because of reflection, refraction, and absorption is not affected by a reversal of the direction of the ray.
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