What is Equilibrium quantity
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
Illustrate a point on consumption curve at which APC = 1. Answer: APC = C/Y = 1 is possible when C = Y, that is, Consumption is
(a) Do you think that macroeconomic policy should be designed to achieve a measured unemployment rate of zero?
What is Supply schedule and how it is related to supply curve?
Consider a model economy with a production function Y = K0.2(EL)0.8, where K is capital stock, L is labor input, and Y is output. The savings rate (s), which is defined as
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Explain the concept of “economies of scale” and “increasing returns”.
In this figure shown below, the price elasticity of demand for DVD games among prices of $30 and $40 is nearest to: (i) 7/6. (ii) 1/2. (iii) 3/7. (iv) 7/3. (v) 1/3. Q : Invesstment multiplier what can be the what can be the minimum value of investment multiplier?
what can be the minimum value of investment multiplier?
Describe why businessmen mostly wish to open current account in bank?
In government budget, primary deficit is Rs. 10,000 crores and interest payment is Rs. 8,000 crores. Compute the fiscal deficit?
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