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What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
Theory of revenue
firm''s product sells for Rs.200 per unit in a highly competitive market. The firm produces output using capital (which it rents at Rs.7500 per hour) and labor (which is paid a wag
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How to solve general equilibrium in pure exchange economy with 2 consumer and 3 commodities
ROLE OF INFRASTRUCTURE IN THE ECONOMY: Economic Infrastructure produces services that directly facilitate and are basic to the carrying out of a wide variety of economic activ
compare traditional modern and engineering cost curves
Q=2h find the marginal point. where q is the quantity of electricity in MW-h and h is the amount of water (in 100s of liters per hour)
what is consumer''s choice involving risk.preference toward risk.
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