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Labour Supply:Total number of workers available and willing to work in a paid position; generally measured by the labour force(even though the labour force usually excludes many workers who don't officially qualify as ‘actively' seeking work though who can nevertheless be mobilized into employment if necessary).
subsitution effect dominate tha income effect in which good case?
What are constant returns to scale? Constant returns to scale: A constant return to scale (CRS) implies that doubling inputs precisely double outputs, which is frequently a
The functions of money include; (1) medium of exchange, (2) store of value, and (3) a calculate of worth. Due to money is acceptable as a form of payment for all commodities,
how can we bring in the marginal propensity to consume
An economics branch which keep concentrate on illumination the economic decisions people make in practice, particularly when these conflict with what conventional economic theory p
typical assumptions
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give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
how microeconomic issues maybe represented using production posibility curve
application of indifference curve analysis to the problem of exchange
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