Explain the factors which would affect the price of a good, Explain the fac...

Explain the factors which would affect the price of a good. As there is a very long list of determinants, the basic issue is for the student to describe and illustrate how shif

Market supply of labour, #quesUse a graphical illustration to describe brie...

#quesUse a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more wom

Explain the term returns to scale, An increase in the scale means that all ...

An increase in the scale means that all inputs or factors are increased in a given proportion. Increase in the scale thus occurs when all factors or inputs are increased keeping fa

Cost analysis, What is cost analysis? Cost–benefit analysis known as CBA, s...

What is cost analysis? Cost–benefit analysis known as CBA, sometimes known as benefit–cost analysis BCA, is a systematic process of calculating & comparing profit and costs of a pr

Economic models, what is the use of models in economics?

what is the use of models in economics?

Total Profit at optimal level, TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750

TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750

Substitution and income effect on inferior good, substitution and income ef...

substitution and income effect on inferior good

Profit after tax, #queIn a particular year, an organization earns cash reve...

#queIn a particular year, an organization earns cash revenues of Rs. 2,00,000. Total material and labour expenses are Rs. 1,09,000. The depreciation claimed on the equipment is Rs.

Critically examine recent development in demand theory,

Summary of educational planning and economic growth, Summary of Educational...

Summary of Educational Planning and Economic Growth An economy with scarce resources and enormous needs and aspirations requires planning. This is true of the education sector