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my q is dat how can we find mathematically dat a production function is concave?
Smoking cigarettes is a leading cause of many diseases
. Keep slope of supply constant and apply different slopes of demand curve and then show what happens if control price impose. Similarly, keep demand curve constant and apply diffe
When should a firm shut down production in the short run?
unique product
Are markets the best way of solving the basic economic problem? Justify your answer. The core of the economic problem ( who, what, for whom) is something all societies must add
What is the graph of the production possibilities frontiers for the American and Japanese economies if American worker can produce 10 tons of grain a year and Japanese worker can p
Unemployment Rate A measure of labor force utilization the unemployment rate is equal to the number of people which is unemployed as a percentage of the total labor force.
what are the types of microeconomic analysis?
if marginal cost descreases then what else is effected by this
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