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Mikes' preferences for consumption and leisure may be represented by the Utility function: u(C, L) = ( C-200)*(L-80) . His marginal utilities of leisure and consumption are (C-200
What is affected variable and cause variable? In a graph, one variable is dependant and the other is independent. The dependant variable is known as effect variable and indepe
Methods of Forecasting The various methods of forecasting demand may be grouped under the followings categories: Opinion Polling Method: In this method the opinion
the general characterictics of economic models,its limitations and verification
Defining black economy, If you pay your cleaner or builder in cash or for some reason neglect to tell the taxman which you were paid for a service rendered, you participate in the
what are the majotr sources of monopoly
suppose you have a coffee shop. list of fixed input and variable input for operating the shop
Briefly discuss the components of macroeconomics system with suitable explanation
meaning, scope, nature
Could I have examples of syndicated and organized oligopolies with companies as examples
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