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law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
given short run total cost curve :10q^2+4q=100 and short run marginal cost MC=20q+4 and market demand Q=100-p what''s the equation of the short run supply curve?
how slustky equation provides neat analytical expression for substitution and income effect?
What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod
FACTORS AFFECTING FLEXIBLE EXCHANGE RATE: Shifts in the demand and supply schedules for foreign currency take place on accountof a number of factors. Some of them are enumerat
the basics in micro economics
The Productivity Growth Slowdown However in 1973 steady trend of climbing rates of productivity growth stopped cold. Between 1973 and 1995 measured growth in output per worker
I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??
Explain how the price system eliminates a surplus. The meaning of surplus is that quantity demanded is less as compared to the quantity supplied. This will lead to downward pr
TC = Q3 – 8Q2 + 68Q + 4
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