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Real Interest Rate: Interest rate on a loan, adjusted for rate of inflation. Real interest rate represents real burden of an interest payment. Real interest rates should be positive for lender to obtain any real income from the loan.
differentiate between normative and positive statements in economics with the help of a statement
typical assumptions
What is the theory of absolute and comparative advantage?
explain main features of short run engineering cost theory
The Competitive Firm - Price taker - Market output (Q) and firm output (q) - Market demand (D) and firm demand (d) - R(q) is straight line Demand and Marginal Re
The Bandwagon Effect - This is desire to be in style, to have a commodity because almost everyone else has it, or to indulge in it. - This is major objective of marketing an
explain the managerial decision areas
relation between production and consmption
when does a buisness reach shutdown point
compare marginal rate of technical substitution and marginal rate of substitution
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