What do you mean by Graphs
What do you mean by Graphs?
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Graphs help students to visualize and understand economic relationships. Most of our economic models explain relationships between just two sets of economic facts.
Briefly describe the term Benefit Cost Ratio (or B/C Ratio) or Profitability Index (or PI)?
The points on a production possibilities curve communicate to combinations of goods which: (1) Can’t be generated with no technological advances. (2) Utilize all resources fully and efficiently in the production. (3) Can be generated, however use economic capaci
1. The owner of a firm calculates that next year's profit will be $1,000. Each successive year profit will increase by 10% (i.e. year 2: $1100; year 3: $1210 and so on.) At the end of the 5th year the firm could be sold for $20,000. A) if the appropriate di
How can we calculate Price earnings ratio?
The market system tends to mainly beneficial allocating resources and distributes goods while: (1) the distributions of wealth and resource ownership are extensively perceived as equitable. (2) markets are extremely competitive. (3) goods are rival an
Question: a. In the short-run, it is easier for a country to maintain a peg that undervalues a currency (relative to the equilibrium market rate) than it is to maintain a peg that overvalues the currency (relative
From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?
Explain and give an illustration of (a) the fallacy of composition; and (b) the “after this, therefore because of this” fallacy. Why are cause-and-effect relationships difficult to isolate in the social sciences?
Give a brief introduction of the term Cost of capital?
Describe Spillovers and externalities?
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