Economies of common services, Economies of Common Services: Through th...

Economies of Common Services: Through the concentration of firms in a particular industry in a given geographical location, the firms may enjoy certain commonservices.These

Endowendowment, How to solve questions of endowments?

How to solve questions of endowments?

Marginal Cost, The question states that a hotel charges $60 a night for a r...

The question states that a hotel charges $60 a night for a room per night during off peak. This hotel has a fixed cost of $75 per night and variable costs of $40 per night (only ap

Edgeworth model, edge worthmodel

edge worthmodel

Short answers, explain monotanic

explain monotanic

Double jeopardy, Double Jeopardy A condition where an entrepreneur's m...

Double Jeopardy A condition where an entrepreneur's main source of income and net worth depend on the entrepreneur's organization.

Demand and consumer, relationship between total utilities and marginal util...

relationship between total utilities and marginal utilities

Insurance market and calculate risk premium, There are two individuals in t...

There are two individuals in town, one is high risk and the other is low risk.1 The probabilities of having an accident for the low risk individual and high risk individual are p

User cost of capital, User Cost of Capital = Economic Depreciation + ...

User Cost of Capital = Economic Depreciation + (Interest Rate)(Value of Capital) - Example An Airline buys Boeing 737 for $150 million with the expected life of 30

The lower the value MR of monopolist ,