law of demand, define law of deman

define law of demand

Fixed input and variable input, Fixed input and variable input: A fixe...

Fixed input and variable input: A fixed input is that input whose quantity cannot be varied in the short-run when demand conditions require an increase or a decrease in produc

Describe the benefits of globalization, Question: There is widespread b...

Question: There is widespread belief that the process of globalization has largely bypassed Sub-Saharan Africa, leaving the sub-continent in a state of marginalization in the w

How have falling commodity prices affected many countries, How have falling...

How have falling commodity prices affected many developing countries? Definition of commodities; raw material like copper, iron and bauxite; and agricultural goods like rice an

Clean auto Inc, CleanAuto Inc. has four workers: Julie, Ian, Devon, and Tho...

CleanAuto Inc. has four workers: Julie, Ian, Devon, and Thomas. CleanAuto Inc. provides two services: interior vacuuming and exterior wash. Julie can perform each of these tasks in

The lower the value MR of monopolist ,

Theory of production, how to calculate tc,tvc,tfc,afc and mr

how to calculate tc,tvc,tfc,afc and mr

Pareto efficiency, how to find pareto efficient output using algebra

how to find pareto efficient output using algebra

Pure competition and efficiency, Allocative efficiency criteria are satisfi...

Allocative efficiency criteria are satisfied by the competitive model.  Because P = MC, in each market in the economy there is no over- or under- allocation of resources in this ec

Macroeconomics., What?

What?