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When measuring price levels in the economy (such as when calculating the CPI index), why is a weighted average used?
Because we require giving greater emphasis to prices at which many transactions are made and less emphasis to the prices of relatively minor goods and services.
in the case of a decline in velel of private investment spending, why the effect on equilibrium output exceeds the magnitude of the initial shock? also, what are the effects of th
explain the concept economies/diseconomies of scale and minimum efficient scale
Balance of payments account: The foreign exchange market is an organizational setting within which individuals, business firms, banks etc buy and sell foreign currency. It has
Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total re
What does economic theory contribute to managerial economics? Explain
explaination of quasi rent theory
Determinants of Private Demand - Linkages with Employment Employment potential of courses in higher education is an important determinant of private investment in higher educa
Isomers are two or more forms of compounds which having the same compositions. Types of isomers (a) Stereo isomers (b) Structural isomers
Plss explain bains limit pricing theory.
the law diminishing marginal utility explain through flow chart
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