Marginal product theory, Marginal Product Theory a.    What is the MC ...

Marginal Product Theory a.    What is the MC of output in the short-run? b.    What is the MC of labor (employed)? c.    What is the short-run profit-maximizing decision

Real business cycles, REAL BUSINESS CYCLES: The extent of this module ...

REAL BUSINESS CYCLES: The extent of this module is partly indicated in the title. It is about real business cycle (RBC) theory. In addition, it exposes you to New Classical Bu

Total cost function, A firm's production function is given by Q = √LK . Th...

A firm's production function is given by Q = √LK . The price of labour is w and the price of capital is r. a. The price of labour is $5 and the price of capital is $20. What is

Game theory, mixed strategy

mixed strategy

Division of labor, Division of Labor The occupation or breaking down o...

Division of Labor The occupation or breaking down of jobs into simple and repetitive responsibilities.

Difference between static and dynamic multiplier,

What are subsidies, What are subsidies?  Almost in all market systems, ...

What are subsidies?  Almost in all market systems, government plays its role to stabilize the price of certain commodities, which are of public interest like medicines and edib

Monopoly, unique product

unique product

Natural environment for economics, Q. Natural environment for economics? ...

Q. Natural environment for economics? Environment: The natural environment is an essential aspect of the economy, whose influence is felt in several different ways. Everyone

Hypotheses in fdi, The following hypotheses are concerned with the general ...

The following hypotheses are concerned with the general impact of FDI from Costa Rica trading partners on exports from the technology sector:  H1:   There is a positive signifi