Marginal product of a factor, Marginal Product (MP) of a Factor: From ...

Marginal Product (MP) of a Factor: From the above mentioned production function, immediately we can study the effect on total output when there is a variation in labour utlili

Cost, relationship between tfc , tvc , tc

relationship between tfc , tvc , tc

Microeconomics and the market system, Suppose you are a painter, and the pr...

Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon t $3.50 a gallon. Your usage of paint drops from 35 gallons to 20 gallons a month. 1. Co

Production and consumption, relation between production and consmption

relation between production and consmption

Marginal utility theory, discuss whether marginal utility is a realistic pi...

discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand

Market structures, illustrate and discuss the implications of various marke...

illustrate and discuss the implications of various markets structures(competitive and non-competitive) for price dertimation

The demand for big macs., illustrate and explain the changing demand for bi...

illustrate and explain the changing demand for big mac using indifference curve and budget line

Difference between static and dynamic multiplier,

Trading/ keynesian economics and supply side economists, 1) Describe (with ...

1) Describe (with an example) how trading can lead to an increase in world output if countries specialize in the good in which they have a comparative advantage. How does the intr

How can decrease in demand, Movements of the demand curve itself, either to...

Movements of the demand curve itself, either to the left or right are known as changes in demand.  A change in demand is caused by a change in one or more of the nonprice determina