Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Illustrate about the imposition of behavior assumptions in analytical frameworks of modern economics?
Imposition of Behavior Assumptions:
The second one step for studying an economic issue is to create assumptions onto individuals’ behavior. Making suitable assumptions is of basic importance for obtaining an important economic theory or assessment. An important assumption modern economics makes regarding an individual’s behavior is which an individual is self-interested. It is a main dissimilarity between individuals and the other subjects-topics. The self-interested behavior assumptions are not merely reasonable and realistic, but also have a minimum risk. Still this assumption is not appropriate to an economic environment; this does not cause a big trouble to the economy even though it is applied to the economy. The rule of this game designed for self-interested individuals is probable also appropriate for altruists, but the reverse is probably not true.
Discuss MO theory in detail?
Name the five types of capital. The five types of capital are: natural capital, manufactured capital, human capital, social capital and financial capital.
The prevention of major swings in economic activity can be handled most easily by the
Using tools of indifference curve, highlight on consumption in business economics.
Explicit cost: Explicit costs are payments made by the firm when it purchases or hires factors of production for the production of goods and services. They are also referred t
A film studio in Hollywood produces movies according to the function q = F(K;L) = (2=100)K^0.5L^0.5 In the short run, capital (studios, gear) is xed at a level of 100. It costs $
Determine whether the ff is counted as part of gdp which of the ff statement are included or excluded 1.1A monthly cheque received by an economic stu
Assume there is a remote area in china with high population.The area is composed exclusively of apartments and is populated by low-income residents .The people tend to stay in that
Suppose that the price of schooling is $20 per year of schooling and it suddenly rises to $40. Compute the point price elasticity of demand at the initial price level and at the fi
Q. What do you meant by Informal Economy? Informal Economy:Informal sector of the economy represents the production of services and goods for the own-use of the producers or fo
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd