How do you define a control in economics, A control in economics means a st...

A control in economics means a steady profit rate that is enhancing. Thus, after one year you could have £1mill profit then the next year £3mill profit etc.

Production, Factors that determine the volume of side of production

Factors that determine the volume of side of production

The lower the value MR of monopolist ,

Gains from international trade, Gains from International Trade: It lea...

Gains from International Trade: It leads to increased total world production of goods and services. International trade based on comparative cost advantage allows countries to

Fixed input and variable input, Fixed input and variable input: A fixe...

Fixed input and variable input: A fixed input is that input whose quantity cannot be varied in the short-run when demand conditions require an increase or a decrease in produc

How would the price mechanism decide resource allocation, How would the pri...

How would the price mechanism decide resource allocation in a competitive (free) market? The main issue it to explain how the price mechanism has a signalling, rationing and ince

Examine the factors that influence a country s exchange rate, Examine the f...

Examine the factors that influence a country s exchange rate. Suppose and define a floating exchange rate, the major issue here is to outline the factors influencing the supply

Sylos labini model, How we constract the cost structure of firms

How we constract the cost structure of firms

Compare and contrast the macroeconomic performances , 1. Assessment Criteri...

1. Assessment Criteria The coursework will be marked on the overall outcome including: structure, quality of reasoning, quality of written English, data analysis, referencing, sty

Market equilibrium, Assume that milk operates in a perfectly competitive ma...

Assume that milk operates in a perfectly competitive market, use a well labeled demand and supply model to explain how market equilibrium price of milk is being determined.