Point elasticity, Point Elasticity: Point elasticity is brought in use ...

Point Elasticity: Point elasticity is brought in use when the change in price is quite small, which means. The two points between which elasticity is being measured or calculat

The lower the value MR of monopolist ,

Production , Suppose that a firm’s production function is given by Q=30L-3L...

Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produ

Calculate price and average total cost atc, 1. Through graphs describe the ...

1. Through graphs describe the relationship between the price, P , and the average total cost, ATC , for a firm in perfect competition when it earns an economic profit; earns a n

Value of marginal product, why value of marginal product is negatively slop...

why value of marginal product is negatively sloped

Equilibrium, what is pooling equilibrium

what is pooling equilibrium

Rational producer, in the context of managerial economics how do you explai...

in the context of managerial economics how do you explain a rational producer.illustrate giving example.

Opertunity cost, how do you calculate opportunity cost

how do you calculate opportunity cost

Natural factors and availability of credit, Natural Factors: Seasonal va...

Natural Factors: Seasonal variations may affect the demand for a commodity at certain times of the year. For example, during the raining season, demand for commodities such as j

Dynamic Multiplier, Discuss the concept of dynamic multiplier

Discuss the concept of dynamic multiplier