Marginal rate of technical substitution and productivity, MRTS and Marginal...

MRTS and Marginal Productivity The change in output from change in labor equals:                     The change in output from change in capital equals

Utility functions, can you help me answer an economics question

can you help me answer an economics question

Calculate revenue, Question 1  (9 marks) During the 1990s, technologi...

Question 1  (9 marks) During the 1990s, technological advance reduced the cost of computer chips.  Explain, with the use of supply and demand diagrams, how the following mark

Traditional economy , what is traditional economy 2 features of traditional...

what is traditional economy 2 features of traditional economy

Change in the rate of population growth, Should the manufacture, supply and...

Should the manufacture, supply and use of tobacco be criminalised? Provide arguments for and/or against (relates to defining crime; concepts of deviance etc) Examine t

#title•The price of a laptop increases by 20% and there is a,

Factors affecting demand forecasting - price, Price: The price factor is ...

Price: The price factor is another important variable to be included in demand analysis. Here one has to consider the prices of the product and also its substitute and complement

Whata are the non-renewable resource, How does the approach of someone who ...

How does the approach of someone who has adopted the precautionary principle differ from someone with a blind faith in substitutability, when it comes to a non-renewable resource l

Describe the role of capital in modern productive system, Production withou...

Production without capital is hard for us even to imagine. Nature cannot furnish goods and materials to man unless he has the tools and machinery for mining farming forestry fishin

Use of income elasticity of demand, Use of Income elasticity of demand: ...

Use of Income elasticity of demand: Income elasticity of demand on the other hand, has the following uses (i) Income elasticity of demand shows how the pattern of consumer de