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discuss how economic theory explains the optimum pattern of consumption of an individual consumer
Distinguish between the terms of trade and the balance of trade. Basic explanation of the terms of trade as the average price of exports in relation to the average price of imp
what is diversification
what is the theory of second best? prove the theorem with the help of a diagram.
the full detailed of market structure their characteristic ,sources with clear explanation
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
Define the returns to scale in production technology. Returns to scale in production technology: Assume that we are using some vector of inputs x to generate some output y a
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
. Keep slope of supply constant and apply different slopes of demand curve and then show what happens if control price impose. Similarly, keep demand curve constant and apply diffe
Smoking cigarettes is a leading cause of many diseases
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