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Suppose a government uses an expansionary fiscal policy to get out of a recession. Use the IS/LM model and the IS-PC-MR model to explain what monetary policy to pursue.
True public goods are those goods which can't be provided to one group of consumers, without being provided to any other consumers who desire them. Thus they are "non-excludable."
what do we mean by The narrowness of definition of the commodity.
what is budget line?show the shift in the budget line
edge worth model
three marginal conditions of pareto optimality
different types of production funtion and curve given by different economist
MUa/MUb how it happens? and why this occur?
Allocative Efficiency The production of products and services such that stages of production are closely tied to levels of customer demand.
DISCUSS THE COMPENSATION PRINCIPLE OF KALDOR -HICKS
(i) When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3. (ii) Given the demand function 0.1Q - 10 +0.2P + 0.02P2 =0, calculate the price elasticity of
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