How can we identify that something is elastic or inelastic, How can we iden...

How can we identify that something is elastic or inelastic?  When demand of any commodity does not change with the change in price of that commodity that item is said by inelas

Difference between static and dynamic multiplier,

Homework, the difference between an lc3 and other types of businesses is th...

the difference between an lc3 and other types of businesses is that

Nash equilibrium, Think of the Golden Ball game. Now player 1 is money-mind...

Think of the Golden Ball game. Now player 1 is money-minded and jealous, and player 2 is very good-hearted, so the payoff matrix is follows:                                Playe

Difficulties in measuring cost, Difficulties in Measuring Cost  1) Outp...

Difficulties in Measuring Cost  1) Output data may represent an aggregate of different type of products.  2) Cost data may not include opportunity cost.   3) Allocating c

Limitation of inherent, what is limitation of inherent

what is limitation of inherent

Developments of Dd theory, Recent developments in demand theory

Recent developments in demand theory

Demand curve, Suppose D1 represents the demand curve for paperback novels, ...

Suppose D1 represents the demand curve for paperback novels, D2 represents the demand curve for gasoline,S1 represents the supply curve for paperback novels and S2 represents the s

National income determination, National Income Determination: National...

National Income Determination: National Income Determination deals with what determines the size of a nation’s national income. The size of a nation’s national income is deter

Marinal utility by marhalls , a project report on marshalls marginal utilit...

a project report on marshalls marginal utility analysis