Calculate the percentages changes in the equilibrium, The economy, however,...

The economy, however, is facing inflationary pressures. To deal with the macroeconomic problem, the government uses expansionary fiscal policy to decrease taxes and, as an indirect

Describe the concept of opportunity cost, Problem 1: a. Describe the co...

Problem 1: a. Describe the concept of opportunity cost, using the production possibility curve. b. What are the fundamental problems of an economy? Describe how the command

Critically examine recent development in demand theory,

Other elasticities of supply and demand, Elasticities of supply and demand ...

Elasticities of supply and demand Other Demand Elasticities           – Income elasticity of demand calculates the percentage change in quantity demanded resulting fro

How can decrease in demand, Movements of the demand curve itself, either to...

Movements of the demand curve itself, either to the left or right are known as changes in demand.  A change in demand is caused by a change in one or more of the nonprice determina

Micro Economic Theory, a monopolist faces a demand curve Qd- 120-2p and has...

a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?

Molarity and normality, What is the Molarity and Normality of the ferrous a...

What is the Molarity and Normality of the ferrous ammonium salt ? For exam....196 gm (initial)

Competitive firm, Ask question how do I find the Price

Ask question how do I find the Price

Pareto Optimal Allocation, Definition of Pareto Optimal Allocation

Definition of Pareto Optimal Allocation

Theory of cosumer behaviour - basic themes, THEORY OF COSUMER  BEHAVIOUR: ...

THEORY OF COSUMER  BEHAVIOUR: BASIC THEMES: We elaborated two classical theories (viz. Cardinal Approach and Ordinal Approach). In ordinal approach discussing the indifference