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Q. Define government surplus?
Surplus, Government:It's a government surplus exists when a government's tax revenues surpasses its total spending (including both program spending and interest charges).
Sustainability: A condition in which economy doesn't utilize more resources from natural environment than can be replenished by normal reproductive capacity of the environment, and doesn't expel more pollution into the environment than can be absorbed without ongoing deterioration in environmental quality. Only a sustainable economy can function long into future without encountering environmental or natural limits.
Labor cannot be divided from the human being who provides it. The result of the inseparability of labor from the people who gives it, is that the wage for the last hour worked mus
What are the uses of elasticity to the private sector
Suppose you have 10 individuals with values {$1, $2, $3, $4, $5, $6, $7, $8, $9, $10}. Your marginal cost of production is $2.50. What is the profit-maximizing price? Using this
Q. Explain about Natural Monopoly? Natural Monopoly: In some industries, economies of scale are so strong that it makes most economic sense for there to be just one supplier. T
what are the sources of oligopoly power
bain''s model of limit pricing with diagram
is south african economic system more allocative efficient?
discuss how economic theory explains the optimum pattern of consumption of an individual consumer
The demand curve for gasoline is P = 200 - 10Q. a. Find the elasticity of demand for a quantity of 8. Does this number imply that quantity demanded is sensitive to price change
Measure Inflation : There are two common methods of measuring inflation: (i) percentage change in price index numbers (PIN) , and (ii) change in GNP deflator. The tw
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