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floating exchange ratesthere are two basic systems that can be used to determine the exchange rate between one countrys currency and anothers a
foreign exchange marketsa foreign exchange market sometimes informally called the forex market or denoted fem is a market in which different
society of international financial telecommunicationsthe foreign exchange market operates worldwide that is the reach of the foreign exchange
exchange ratesthe current unit focuses on exchange rates and is a more in-depth study of foreign exchange markets from the perspective of
trade policythe well known economist d h robertson has immortalized the role of trade in development with his famous statement that trade is an
an economy can produce a maximum of either 28 million tons of wheat or 7000 automobiles or various intermediate quantities as depicted in the
the prevalence of excess capacity is the direct consequence of the existence of monopolistic
consider what would happen if a taxes of 10000 was imposed on imported automobiles on dealersusing a demand and supply diagram show its impact of
not sure how to graph amp calculate a retail price of 30 amp avg cost 20 assuming that the equation for demand is q10000-9000p where pretail price
your firms production function q4k12l12 suppose that the price of labor is 5 and the price of capital is 20 your firm desires to produce
-1- assignment 1 the demand function for product x is given by qdx 80- 2px- 005p178x -02py 4pz 001i
plot the demand schedule and draw the demand curve for the data given for marijuana in the case
given short run total cost curve 10q24q100 and short run marginal cost mc20q4 and market demand q100-p what3939s the equation of the short run supply
theory of productionproduction activities related to goods and services require inputs typically the set of inputs includes labour capital
cobweb modelconcept of dynamic stability a market equilibrium is said to dynamically stable only when disequilibrium price and quantity move and
recent development of demand theory the basic theory of consumer behaviour discussed in the previous unit can be extended in many directions
basics of theory of demandthe most famous approach in the history of consumer behaviour after indifference curve approach is the revealed
duality theoremsthe relationship between the direct and indirect utility functions may be described by a set of duality theorems the following
attitude towards risklets assume the following the utility function bull has the single argument wealth measured in monetary units bull
expected utilitytheory assume that a utility index exists which conforms to the five axioms the expected utility for the two-outcome lottery l
axiomsit is possible to construct a utility index which can be used to predict choice in uncertain situations if the consumer conforms to the
consumer choice involving riskthe traditional theory of consumer behaviour does not include an analysis of uncertain situation von neumann and
axiomsrevealed preference theory is based on the axioms listed below bull consumer will spend all her income on goods the consumer