Theory of production and cost, • Production Function . The factors of produ...

• Production Function . The factors of production have to be combined in a particular manner to produce a certain product. Think of baking a cake which involves mixing fixed propor

Non-existence of objective probability distributions, Non-existence of Obje...

Non-existence of Objective Probability Distributions :   Let us see why expectations are volatile in nature? According to Keynes (1936, pp. 149): "Our knowledge of the fact

Dependence on agricultural production, Dependence on agricultural productio...

Dependence on agricultural production: Dependence on agricultural production and primary product for exports. The external sector comprises Imports and Exports, Ghana shows de

The lower the value MR of monopolist ,

Limi price, bains limit price

bains limit price

Exchange rate, how to calculate the volume of exports? or what is the defin...

how to calculate the volume of exports? or what is the definition?

Specific monopolist, Specific Monopolist: Suppose a monopolist f...

Specific Monopolist: Suppose a monopolist firm, I-Tech, pays $500,000 in short-run costs for its capital and unskilled labor. Its only short-run decision, th

Credit multiplier, please may you explain this concept

please may you explain this concept

Cost, schedules for cost

schedules for cost

Macro ecomomics, explain how macro and micro issues may be represented usin...

explain how macro and micro issues may be represented using production possibility curve