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Use a PPF to explain the trade-offs that all economies face.
All countries must construct some sort of system whereby output, allocation and distribution of goods is decided. In the method, of solving the basic economic problem there will always be a trade-off (i.e. an opportunity cost) as resources are limited and our (societal) needs are infinite. This trade-off can be illustrated diagrammatically by the PPF
Comment on the current account trend since 2013 till 2015
Average product and marginal product: Average product (AP) is the output per unit of the variable factor employed. In other words, it is the productivity of the variable facto
Efficiency of exchange
calculate demand function is Q=100-P, where Q is quantity demand and P is price
If the price of that cup of teh-tarik has increased in such an amount,economists may not necessarily conclude that the country is going throungh inflation.why is that so?
Find the best response functions and the mixed strategies Nash Equilibrium if each player randomizes over his actions.
what is theory of product pricing?
concept of risk analysis
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
Internal and external economies of scale: Internal economies of scale are the advantages or benefits that the firm enjoys as it expands its size or increases its scale of ope
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