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Describe in short about Money
"Money" in economics is actually not as simple to understand as you may think and many use the term money in a way inconsistent with how it's defined in economics. Money is stated as any commodity or token which is generally accepted as payment of services and goods.
what is the basis of fixation
At first, Say's Law may seem 'obvious'. Though, it's not - actually, it's highly controversial. The reason it may seem obvious is that you have perhaps learned from microeconomics
The entire market is capture by a single firm which can produce at a constant average and marginal cost of AC = MC = 10. The firm faces a market demand curve given by Q = 60 ? P.
explain the effects of various injections and withdrawals and show the equilibrium in the circular flow
distnguish betweenNational income at market price and National Income at factor cost, explain the importance of the distinction
What is the total cost of producing output? The total cost of producing a specified quantity of output is the total of the fixed cost along with the variable cost of producing
What are the important tools of making decisions? Making Decisions: a. How economists model decision making through individuals and firms b. Implicit costs and Explicit-C
Estimate the cost of expanding a planned new clinic by 20,000ft^2. The appropriate capacity exponent is 0.66, and the budget estimate for 200,000ft^2 was $15 million.
describe how open market policy can be used to stimulate economic activity in the country
1. Consider a natural monopoly. I. Show graphically and discuss how price and quantity are set by the natural monopolist. II. Define the areas corresponding to the consumers'
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