Elasticity, if australian governmrnt imposed a sales tax on petrol by $0.25...

if australian governmrnt imposed a sales tax on petrol by $0.25, then the price of petrol will rise by 0.25. consumers can not get by without petrol, so they have to pay the whole

Production possibility curve, construct your own version of a production po...

construct your own version of a production possibility curve and use it to explain scarcity, opportunity cost and choice

Imposition of behavior assumptions in analytical framework, Illustrate abou...

Illustrate about the imposition of behavior assumptions in analytical frameworks of modern economics? Imposition of Behavior Assumptions: The second one step for studying

Theory of consumer surplus, THEORY OF CONSUMER SURPLUS: We discuss the...

THEORY OF CONSUMER SURPLUS: We discuss the basic concept of consumer surplus and its derivation. A consumer normally pays less for a commodity than the maximum amount that she

Discounting principle, what is discounting principle?

what is discounting principle?

Restrictions on international trade, Protection against dumping: It co...

Protection against dumping: It could be looked at as the export of commodities priced below cost of production. Dumping is generally looked upon as an unfair trading practice

#title•The price of a laptop increases by 20% and there is a,

Rational producer, would a rational producer be concerned with the average ...

would a rational producer be concerned with the average or marginal product of an input in dec

Labor deman, Discuss two factors that would increase demand for labortion.....

Discuss two factors that would increase demand for labortion..

Indifference curve, Demonstrate mathematically that the equilibrium condit...

Demonstrate mathematically that the equilibrium condition MRS  PB PA is the equivalent of the utility-maximizing rule MU AP A  MU B PB .