What is substitutes
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
The demand for a resource will increase if the
Illustrate a point on consumption curve at which APC = 1. Answer: APC = C/Y = 1 is possible when C = Y, that is, Consumption is
I have a problem in economics on Paradox of Value problem. Please help me in the following question. The Diamond Water Paradox occurs from the difficulties in differentiating between: (i) Consumer surplus and the total utility. (ii) Total utility and
What stage of the business cycle is our economy experiencing at present time? proof your answer.
Describe Aggregate Expenditure model and also state AD/AS model?
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
Why the repayment of loan is a capital expenditure? Answer: Repayment of loan is taken as a capital expenditure since it diminishes the liabilities of Government.
How does a commercial bank make money? Answer: Commercial banks are capable to make credit that is many times greater than deposits received by banks. Money creatio
When you pay a straight A student in advance to write up your term paper and that person expends the money on a party and then, hung-over, can’t do a good job and hence you wind up with an F for submitting sloppily written gibberish, you encompass just suffered
Why change in stock is considered a portion of final expenditure? Answer: The Unsold stocks left with producers are supposed as purchased by the producers themselve
18,76,764
1942873 Asked
3,689
Active Tutors
1433582
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!