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Problem:
a. With the help of diagrams, describe how the price and quantity of potatoes will change under the different circumstances:
(i) A severe drought affecting its production (ii) Consumers expect a future rise in prices of potatoes; and (iii) A new production technique is adopted to increase efficiency.
b. Along the demand curve, price elasticity of demand is constant. Do you agree?
c. Describe the income and cross elasticity of demand.
Problem: i) What might be the possible causes of inflation according to economic theory? ii) Taking stable prices and full employment as two macroeconomic objectives of gov
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ELASTICITIES OF SUPPLY AND DEMAND Usually, elasticity is a measure of the sensitivity of one variable to the other. It told us the percentage change in one variable in re
what is bains theory ? describe with the diagram
Profit: This is surplus left over after a company sells its output and pays off cost of production (which includes raw materials, labour costs and a proportional share of its capit
diffence b/n fixed and variable input
explain what will happen to price , the marginal cost of rice, and the quantity produced if the government sets a production quota of 2000 bags a week. draw a graph and explain you
Profit Margin A measure of organization performance, profit margins measure the percentage return an organization is earning over the cost of production of the items sold.
how can I execute this topic in new way of teaching? That will focus on activity base and art of questioning that will answer by the students?
Mathematical Derivation of ordinary demand function: Here we present the mathematical and more general proof of the above result. Consider, again, the initial price income sit
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