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consumer demand is how much of something that consumers are wanting a company requires to know the consumer demand so they know how much of a product
opportunity cost is cost of a different that must be forgone in order to pursue a definite action put another way the advantages you could have
basic textbook models such as the mundell-fleming model say that capital inflow happens due to the domestic interest rate being higher than the world
benefits are 1 people can create their own decisions 2 the government has limited control which is good for arrangement 3 gives freedoms like
difference between corporate profit maximization and maximization of shareholder wealthans sure profit maximization relates to profits only while
1 what is the difference between a static master budget and a flexible budgetans static budget is where a budget doesnt change a volume
utility analysis or cardinal approachthe cardinal approach to the theory of consumer behavior is based upon the concept of utility it assumes that
the theory of consumers behavior seeks to explain the determination of consumers equilibrium consumers equilibrium refers to a situation when a
indian industry has progressed a lot because of globalization a lot of development has been seen in indian
economics is generally defined as the problem of how best to allocate limited resources limited because needs are characterized as unlimited but
1 explain the industry and describe the general pattern of change of the particular market model2 hypothesize the basic short-run and long-run
i do the laws of economics still work today use the case discussed in class to answer this question or any other examplesii provide examples of three
define scarcity and opportunity costshow how these concept are useful in managerial decision
peanut butter monopolist calveacute supplies peanut butter to albert heijn in an isolated village the supermarket is a monopolist in the village
two firms are engaged in bertrand competition both firms have a stable marginal cost of euro7 presently every firm is allocated half the market there
the computer graphics chip industry is one with a little number of competitors that earn normal economic profit two chip manufacturers nvidia and ati
they manufacture a single product specialty curry sauce they are interested in developing 12 month budget models and want to perform decision
a mother is torn among choosing her son leonardo and her daughter meryl to have the last bar of chocolate in her cupboard as both her childrens needs
in the country of sleep-well the inhabitants main activity is sleeping despite the loss of productivity that this entails the country has a profuse
a medical insurance company offers its salespeople the following compensation scheme each worker takes a fixed salary and in addition to that a
lots of states have scratch offs with various different monetary payoffs for example the 500 a week for life in new york offers the payout and odds
suppose that betsys utility function is given by the equation uy03 where y is calculated in thousands of dollars betsys present job pays her 20000
define scarcity and opportunity cost show how these concepts are useful in managerial decision
a budget deficit that is only temporary cannot be the source of inflation is this statement true false or uncertain describe your answer
a cost-push inflation have as a result of workers attempts to push up their wages thus inflation does not have to be monetary phenomenon is this