Consumption of services and goods, Services and goods that are used for the...

Services and goods that are used for their ultimate end purpose, meeting some human desire orneed. Consumption may include private consumption (by individuals, financed from their

What is economic efficiency, Q. What is Economic efficiency? Economic ef...

Q. What is Economic efficiency? Economic efficiency Explain a situation where the total value of the end uses, to which the resources are put, is maximised. A consequence is th

Cost Minimization for Cobb-Douglas, 3.Cost Minimization for Cobb-Douglas. S...

3.Cost Minimization for Cobb-Douglas. Suppose the Acme Gumball Company has the produc- tion function of q=LK. Given that the MPL=K, MPK=L and MRT S=MPL/MPK. Part a-b, we are anal

Quantity demanded, What is the difference between change in quantity demand...

What is the difference between change in quantity demanded and change in demand

Microeconomic analysis, what are the types of microeconomic analysis?

what are the types of microeconomic analysis?

Break even analysis under linear and curve linear ,

Statistics, please can you explainn what "down 0.1 percentage point on the ...

please can you explainn what "down 0.1 percentage point on the quarter means"?

Intermediate economics, what are the variables to be included in the social...

what are the variables to be included in the social welfare of a country?

Walrasion equilibrium.., # ?????? ..

# ?????? ..

Market supply and increase in supply, Market supply and Increase in supply:...

Market supply and Increase in supply: Market supply is the total quantity of a product that all firms in an industry are willing to offer for sale at a given market price an