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Show that a pulsed spherical wave has a complex wavefunction of the form U(r,t) = (1/r)a(t-r/c) where a(t) is an arbitrary function. An ultrashort optical pulse has a complex wavef
elasticity of demand of a product in different market forms such as perfect competition, monoply etc.
what does it mean by a normal good ?
What is the classical model's explanation for involuntary unemployment? According to the classical model, involuntary unemployment only increases when there is something impedi
assume you are selling a product and when your price is decreased by 29% your quantity demanded increases by 55%. What is your price elasticity of demand?
How might you determine whether flute-playing ability is a highly heritable trait? If you want to improve your flute playing and someone tells you that musical ability is heritable
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
Economic instruments Financial rewards, incentives and penalties that operate automatically via market forces, to encourage beneficial behavior.
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