What is the difference between profit and producer surplus?
Most economists believe such that people increase an activity when they perceive the expected additional benefits as exceeding the expected extra cost, but decrease their level of an activity whenever they believe the benefits from the last few units of the activity a
Please brief the knowledge what is long run supply?
How can we analyze the number of event that influences the market?
Voluntary unemployment: It refers to a condition when person are not willing to do work at customary market wage rate, though they are receiving a work.
Elucidate the differences among the frictional, structural, and cyclical forms of unemployment.
IN which situation, there is a deficit in the balance of trade.
What do you understand by the term Price (P) at Market in Economy?
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
Cite examples of recent decisions that you made in which you, at least implicitly, weighed marginal cost and marginal benefit?
When total revenue to a firm is unaffected by small price modifications, then demand is: (i) Relatively price elastic. (ii) Relatively price inelastic. (iii) Unitarily price elastic. (iv) Vertical. (v) Horizontal. Can someone help
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