Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Determine the Slutsky Equation.
Income-Substitution Effect: The Slutsky Equation
A fall into the price of a good may have two sorts of consequences: substitution effect, when one commodity will become less expensive than other and income effect when total “purchasing power” rises. A basic result of the theory of the consumer, the Slutsky equation, associates these two consequences. Even if the compensated demand function is not directly observable, see that its derivative can be simply computed from observable things, name as, the derivative of the Marshallian demand regarding price and income. Such relationship is termed as the Slutsky equation.
What are the types of demand
what is budget line?show the shift in the budget line
The role of trade union to improve the lot of the workers is also important when there prevails the conditions of Monopsonisitc discrimination is said to prevail when the monopsoni
Normal profit: Normal profit is when total revenue is exactly equal to total cost when the latter includes both explicit costs. It is the type of profit when made by firms in
DIMENSIONS OF UNEMPLOYMENT: What is the level of unemployment in the country? According to the 1999-2000 Survey of NSSO, the number of unemployed has increased from 20.13 mill
state the law of downward sloping demand
Are there any economic effects to non-Hispanic whites, given that they no longer represent the majority of the population? Why are these examples important from an economic standpo
Iso-quant: The dots in the above Figure denotes the various combinations of (L, K) that the producer can pick up from form to produce. Among these combinations, there can be t
Functions and Resources of the Bank The main functions of the Bank are as follows: • to assist in reconstruction and development of the territories of it member-governmen
explain the relationship between scarcity,choice and opportunity cost
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd