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Micro economics is the study of individual unit of an economy
what makes it differ from other market structures
about opean market economy
Comparison with Other Countries: The basic purpose of this type of comparison is that: (i) it helps us to know the potentials of growth that can be built up in an economy,
The efficiency loss of a tax is the tax revenue collected by government minus the value of the public goods financed through the tax. Why is this false?
THEORY OF CONSUMER SURPLUS: We discuss the basic concept of consumer surplus and its derivation. A consumer normally pays less for a commodity than the maximum amount that she
Which drug is likely to be the most profitable for its producer (in terms of average “per-drug” profit)?
how can a price ceiling make consumers better-off? under what conditions might it make them worse off?
what is the nature of microeconomics?
You have just been hired by your city’s department of health. Your first task is to use cost-benefit analysis to evaluate a smocking awareness program that the department has been
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