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A trend line can be fitted through a series graphically. Old values of sales for different areas are plotted on a graph and a free hand curve is drawn passing through as many points as possible. The direction of this free hand curve shows the trend. The main draw bask of this methods is that it may show the trend but not measure it.
If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
An economist's view of costs contains both explicit and implicit costs. Explicit costs are accounting costs, and implicit costs are the opportunity costs of an allocation of resou
Functions
Change in consumer and producer surplus from price controls * Observations: - The loss is equal to area B + C. - The change in surplus = (A - B) + (-A - C) = -B - C -
Meaning of absolute cost difference and comparative cost difference.
# 1 Question: Consider a competitive market for Berries. The market demand for the berries is Qd=50-P (Qd is the quantity demanded (cartons) and P is the price in $. The market sup
about the price determination with the held of diagramatic explanation numerical explanation related to the concept
lung run eqiulibrium
what is fractional reserve and how does it affect money supply?
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
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