Value of marginal product, why value of marginal product is negatively slop...

why value of marginal product is negatively sloped

Concepts of income and substitution effects, Concepts of Income and Substit...

Concepts of Income and Substitution Effects:   Change in demand for a good due to one unit change in price of that good for given prices and money income is known as own price

Difference between static and dynamic multiplier,

Production with one variable input, What is production with one variable in...

What is production with one variable input

Distinguish between interventionist and market-led strategy, Distinguish be...

Distinguish between interventionist and market-led strategies of development. Explanation of interventionist strategy; heavy government involvement in the planning of output, p

Supply, what happen when a supply shift to the right on a graph

what happen when a supply shift to the right on a graph

Explain the marginal rate of technical substitution, Marginal rate of techn...

Marginal rate of technical substitution in the theory of production is similar to the concept of marginal rate of substituent to in the indifference curve analysis of consumer dema

Supply, Case 1: The market for drugs Supply, demand, and equilibrium: ...

Case 1: The market for drugs Supply, demand, and equilibrium: The market for drugs. Suppose the market for drugs is a perfectly competitive market. Let the supply curve

Theory of the firm, Ask quesQuestion 1. A firm has a production function gi...

Ask quesQuestion 1. A firm has a production function given by Q = L1/2 K, where L is labour and K is capital. Draw and appropriately label at least three points on each of the isoq

Aspects to promote administrative reforms, Aspects to promote administrativ...

Aspects to promote administrative reforms: Following aspects to promote administrative reforms:  1) A closer focus on results in terms of efficiency and effectiveness, and