Describe the change in returns to scale & factor proportion, Before explain...

Before explaining returns to scale it will be instructive to make clear the distinction between change in the scale and changes in factor proportions. The difference between the ch

What is the difference between scarcity and shortage, What is the differenc...

What is the difference between 'scarcity' and 'shortage'?  'Scarcity' and 'shortage' have dissimilar definitions. In reality, when most of the goods and resources are scarce go

Equations, Ask q3x+5=20 uestion #Minimum 100 words accepted#

Ask q3x+5=20 uestion #Minimum 100 words accepted#

Case study, Is Indian companies running a risk by not giving attention to c...

Is Indian companies running a risk by not giving attention to cost cutting?

Application on infifference curve , i want an application on indifference c...

i want an application on indifference curve of a specific firm? can i get it easily?

Labor Economics, What is Nancy’s lifetime income as a function of her level...

What is Nancy’s lifetime income as a function of her level of schooling, S? 2. What is Nancy’s lifetime income if she gets no schooling? What is it if she goes to school for all 60

Marginal utility, If the MU of the 1st unit consumed = 75 utils, and the TU...

If the MU of the 1st unit consumed = 75 utils, and the TU of consuming 2 units is 130 utils, what is the marginal utility of the second unit?

Cross Price elasticity,

Taxing system, On what kind of income is our taxing system based?

On what kind of income is our taxing system based?

Factors that make this demand less elastic, Question 1: The price of the go...

Question 1: The price of the good X rises from $1.30 to $1.40. Calculate the price elasticity of demand by using the mid-point method. Question 2: How do you explain the answer