Marginal rate of substitution, The marginal rate of substitution (MRS) quan...

The marginal rate of substitution (MRS) quantifies the quantity of one good a consumer will sacrifice to get more of the other good. – It is calculated by the slope of the indif

Bainlimitpricetheory, Explainbainlimitpricetheory

Explainbainlimitpricetheory

Cross Price elasticity,

Elasticity, discuss how a knowledge of price elasticity and income elastici...

discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm

Rational producer, would a rational producer be concerned with the average ...

would a rational producer be concerned with the average or marginal product of an input in dec

Economics, Ask questiowhat are the importance of the branches of economics

Ask questiowhat are the importance of the branches of economics

Chamberlin’s model of stable equilibriumle.., definition

definition

Reference electrodes, primary reference electrode,she

primary reference electrode,she

Essentials of economics, Patricia nominal annual income

Patricia nominal annual income

State-owned enterprises should be encouraged or discouraged, Question 1: ...

Question 1: a. What is the supposed rationale for subsidising higher education in various developing countries? b. Do you think there is a legitimate rationale to the abov