Definition of labour force, Q. Definition of labour force? Labour Force...

Q. Definition of labour force? Labour Force:Total population of working-age people who are willing and able to work and who thus have ‘entered' labour market. Labour force incl

Indirect utility functions, Indirect Utility Functions: Let qi denotes...

Indirect Utility Functions: Let qi denotes commodity i and pi is the price of that commodity. Let y denotes money income of the consumer. Suppose vi = pi/y. The budget constra

Return on equity and sales tax, Return on Equity: It's a measure of busine...

Return on Equity: It's a measure of business profitability equal to net after-tax income divided by average level of shareholders' equity in the business. Sales Tax: A tax im

Opportunity cost, clarify the opportunity cost theory

clarify the opportunity cost theory

Average fixed costs, how do you find the average fixed costs using total fi...

how do you find the average fixed costs using total fixed costs and total product?

Bain''s model of limit pricing, explain diagramatically Bain''s limit prici...

explain diagramatically Bain''s limit pricing mode

International economics, heckscher - ohlin theory of trade

heckscher - ohlin theory of trade

Canalisation, State trading is often associated with canalisation. Canalisa...

State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported

Assignment, static & dynamic multiplier of keynision theory

static & dynamic multiplier of keynision theory

The lower the value MR of monopolist ,