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why we study micro econmics?
1. Cost minimizing firms must be profit maximizing as well. False, why??
explain two theories of economic rent
Basics of Theory of demand: The most famous approach in the history of consumer behaviour, after indifference curve approach, is the revealed preference approach. In the revea
What is equilibrium point
what are some of recent development in theory of demand
on what grounds is consumer surplus criticised?
what monopoly market .
Since 1990, real income has increased rapidly , yet the average number of children per family has decline ." Three possible explanations for this process are given below.
Private benefit and social benefit: Bridge the gab between private cost and social cost, and private benefit and social benefit.Under perfect market, there may be a divergence
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