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Economic Discussion
1. What is Normative and Positive Economics?2. What is the difference?3. Explain give Examples4. Explain Circular flow of income.5. What is P.P.F (Production Possibility Frontier)?6. Why rationality is in Economics?
Write on page about this questions, answer them each by each.
If a firm hires a resource in a perfectly competitive resource market A. it must also be a price taker in the product market B. it must also be a monopolist in the product market
First, what does GDP measure? Even if we prefect the measure by correcting for price increase
How much time will Thoreau spend in leisure?
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
two countries country x and country ycountry x can produce either 500 jackets or 250 pairs of jeanscountry y can
Suppose a market has the demand function Q D=20--0.5P. Using the midpoint method, what is the price elasticity of demand between $30 and $40
What was your searching criterion? What types of opportunities did you find in your area? What do you have to offer the organization? How will volunteering aid you in gaining experience in your area of interest?
These multiple choice problems belong to Economics. The first problem is about calculating the profit of a firm in the short run and the second problem is about firm experiencing economies to scale.
How to translate the value proposition into specific elements of the offer, its costs, how it will be delivered, and how it will be communicated (ability to explain causation).
suppose the market for a certain pharmaceutical drug consists of domestic united states consumers and foreign
expectations on how rivals will respond are important considerations when a firm decides to change the price it charges its customers, no firm controls more than a 10% share of the market
One of the major problems facing Cisco Systems and other direct sellers is
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