Heterodox pricing process
Compare the costing and pricing process of heterodox pricing process to the procedures utilized in neoclassical microeconomics to set prices. In what ways are heterodox prices altered from neoclassical prices?
Give a brief introduction of the term Operating Leverage?
Adam Smith attributed unpredictable and frequent fluctuations within profits to: (i) variations in the prices of the goods a firm or person produces and sells. (ii) the bad or good fortune of rivals. (iii) the good or bad fortune of customers. (iv) tr
Explain how government might manipulate its expenditures and tax revenues to reduce rate of inflation?
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good. Answer:
Write short note on Demand?
Explain: “Affluence tomorrow requires sacrifice today.”
Illustrate Scarcity and choice of Economic Perspective?
What was rightward shift of PPC point out? Answer: It points out growth of the resources.
Difference between normal goods and inferior goods. Give illustration.
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