Individual demand - substitutes and complements, Individual Demand Sub...

Individual Demand Substitutes and Complements 1) The two goods are considered substitutes if an increase (decrease) in price of one lead to an increase (decrease) in quant

The lower the value MR of monopolist ,

Fiat money in europe , Fiat money is not a new idea.  Some European histori...

Fiat money is not a new idea.  Some European historians recognize the first use of fiat money in Europe resulting from gold and silver smiths issuing their customers receipts for g

Chemical combination, the fours laws of chemical combination

the fours laws of chemical combination

Production function models, Production Function Models

Production Function Models

Sources of external economies of scale, Sources of external economies of sc...

Sources of external economies of scale: Economies of Skilled Labour: This involves upgrading the skills of labour through the provision of education and training faci

Demand, brife note on demand

brife note on demand

How the inflation effect on import and export of the country, How the infla...

How the inflation effect on the Import and Export of the country?  When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imp

Elementary theory of price formation: demand-supply analysis, ELEMENTARY TH...

ELEMENTARY THEORY OF PRICE FORMATION: DEMAND-SUPPLY ANALYSIS: We discuss the elementary theory of price formation. Demand curve in the market is derived from the aggregate con

Product differentiation, Question: Product differentiation and entry/exit ...

Question: Product differentiation and entry/exit Two differentiated goods, apples and oranges, are located at the two extremes of a linear product space (a segment of length 1)