Explain general equilibrium, Microeconomics

Q. Explain General Equilibrium?

General Equilibrium: Neoclassical economics presumes that production, employment, investment and income distribution are all determined by a condition of equilibrium (with demand equalling supply) in each single market (including markets for both factors of production and produced services and goods).

Posted Date: 8/26/2013 1:42:28 AM | Location : United States







Related Discussions:- Explain general equilibrium, Assignment Help, Ask Question on Explain general equilibrium, Get Answer, Expert's Help, Explain general equilibrium Discussions

Write discussion on Explain general equilibrium
Your posts are moderated
Related Questions
Project requirements: Refer to Table and answer the following questions for EACH organism listed above. Word requirements are outlined for each question - this represents a minim

What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic

How to solve questions of endowments?

Individual Assignment ECO101 - PRINCIPLES OF ECONOMICS electronic submission via Moodle 6 Questions 100 marks (15% of total course) All questions should be attempted. 30-50 w


looking for information to complete essay, info looking for What is elasticity and its calculations for the price of a lap top, that increases by 20% and there is a 40% drop in qua

explain and illustrate the changing demand for big mac using indefference curve and budget line

Price Discrimination: occurs when the same product is sold at different prices to different consumers. A monopolist divided his consumers into groups and sells his product at vary


If the short run method to produce Q quantity is with full time workers L=0.025*Q, COST OF WORKER IN THE SHORT RUN IS w=20226.154, how do you derive the value of Q