Favor of selling inventories, If producers expect future prices to enhance,...

If producers expect future prices to enhance, current supply will decline in favor of selling inventories at higher prices later.  In other words, supply will reduce (a shift to th

The lower the value MR of monopolist ,

Change in consumer surplus, a. Generally, there will be a difference betwe...

a. Generally, there will be a difference between the CV and the EV. Why? b. The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it

Oncepts of supply, concepts of suply

concepts of suply

Managerical economics, Plot the demand schedule and draw the demand curve f...

Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above?

Monopolistic competition maximizes, "A firm in monopolistic competition max...

"A firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect?  Explain.

Why concept of elasticity is important in economics, Why concept of Elastic...

Why concept of Elasticity is important in economics?  Elasticity is very important concept in economics because it affects the decision of individuals as well as of the whole e

What is demand curve, Demand Curve The demand curve is a graph which pr...

Demand Curve The demand curve is a graph which presents the amount of a good that consumers are willing and able to buy at various prices. A normal demand curve is downward slo

Rational producer, would a rational producer be concerned with the average ...

would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?

Silicon properties, What are the chemical properties of silicon?

What are the chemical properties of silicon?