microeconomics, Economics, Microeconomics

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Microeconomics and the market system, Suppose you are a painter, and the pr...

Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon t $3.50 a gallon. Your usage of paint drops from 35 gallons to 20 gallons a month. 1. Co

Consumer behaviour, do you think that dimnishing returns to a factor are co...

do you think that dimnishing returns to a factor are consistent with increasing returns to scale? explain with suitable diagram and reasoning.

Explain the concept of budget multiplier, Problem 1: a. Use the circula...

Problem 1: a. Use the circular flow model to explain the concepts of injections and withdrawals. b. Explain the concept of budget multiplier. c. Using the concept of mult

Haberler''s theory of opportunity cost, How has the haberler''s theory of o...

How has the haberler''s theory of opportunity cost been an improvement over the classical theory of trade

Macroeconomy, Adding the economic activities of government to the circular ...

Adding the economic activities of government to the circular flow model shows that: 1. Government spending creates inflation 2. Government purchases of goods and services,

Marshalian demand, determination of optimal solution mathematical presentat...

determination of optimal solution mathematical presentation

Why is capital formation important in economic growth, Capital make large s...

Capital make large scale production and greater degree of specialization possible. Thus with capital accumulation the advantages of large scale production and specializations are o

Balance of payments and developing economies, Balance of Payments and Devel...

Balance of Payments and Developing Economies: It is well-known in development economics that UDCs invariably start as debtor economies. In the process of development itself, t

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