Public goods and public choice, politicians are often heard saying that tui...

politicians are often heard saying that tuition at state universities should be kept low to make equation equally accessible to all residents of the state, regardless of income

Indifference curve, indiffference curve

indiffference curve

The lower the value MR of monopolist ,

Why do demand curves generally slope downward, Why do demand curves general...

Why do demand curves generally slope downward?  The demand curve slopes downward because in general, the higher the price of the good, the fewer people will need to buy it.

Supply, Case 1: The market for drugs Supply, demand, and equilibrium: ...

Case 1: The market for drugs Supply, demand, and equilibrium: The market for drugs. Suppose the market for drugs is a perfectly competitive market. Let the supply curve

Narrowness of definition of the commodity, Explain why each of the followin...

Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commodi

International economics, how has the haberlers theory of opportunity cost ...

how has the haberlers theory of opportunity cost an improvement over the classical theory of trade

Economic models, the general characterictics of economic models,its limitat...

the general characterictics of economic models,its limitations and verification

Contribution of capital accumulation, Question:  Explain the contribution ...

Question:  Explain the contribution of capital accumulation in the progress of an economy? Capital makes the technological progress of the economy possible. Different technol

Americas Dependency on China, What will be the effects of americas dependen...

What will be the effects of americas dependency on china?