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Explain the roles of economics theory. Roles of Economic Theory An economic theory has three probable roles: a. This can be used to describe economic behavior and economi
characteristics and models of oligopoly by Sweezy,cournot and edgework
what is the law of diminishing marginal product? explanation with the help of proper schedule and diagram.
What is methodological economics? how its significance, Describe use of methodological economics...
Analyse the method by which a firm can allocate the given advertising budget between different media for advertisement?
Market equilibrium happens where supply equals demand (supply curve intersects demand curve). An equilibrium implies that there is no force that will cause further changes in pri
define and explain the concept of social efficent production
When is the economic theory useless? One misunderstanding is to under-estimate the role of an economic theory. Several people thought an economic theory useless since they thin
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what is diversification
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