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Economics- Definition
Economics is the study of how societies utilize limited resources to make valuable commodities and allocate them among diverse people.
Microeconomics handles with:
• Conduct of individual units
• When Consuming; How we select what to buy
• When manufacturing; How we decide what to produce
• Markets: The communication of consumers and producers
• Evaluation of aggregate issues:
?? Inflation
?? Economic growth
?? Unemployment
the prevention of major swings in economic activity cn be handled most easily by the financial or government sector?
Assignments
meaning, scope, nature
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
Ask quAsk qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the
Ask question how do I find the Price
Distinguish among the terms of trade and the balance of trade for a country. Definition of terms of trade a) The amount of a given amount of export goods essential to buy
When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
info about Inorganic chemistry
concept of supply
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