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•Create a demand schedule and a supply schedule for your product.. •Using these schedules, draw a demand curve and a supply curve using PowerPoint or Excel. Use these to determine
Theory of revenue
What is use of analytical tools in the modern economics? Analytical Tools: Modern economics also gives different powerful analytical tools which are usually specified by geo
What are the most important challenges that economists try to address? (ii) What is the role of government in a market based economy? (iii) Who are the main economic players and w
explain how scarcity impacts choice 2.expain the three steps process in economic analysis
explain optimal use of variable input?
different types of production funtion and curve given by different economist
social welfare ordinal
Establish relationship between production and cost for a firm operation in perfect competition market in case of i phone
law of diminishing returns
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