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Disposable Personal Income
The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
Define Nash equilibrium
Solve equation P=200-Qs and Qs=4.5p +5
Q. What is Cost effectiveness analysis? Cost effectiveness analysis A method which seeks to identify the least cost option for meeting a particular objective. It actives prior
Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand
critical evaluation of marginal analysis
Explain the difference between a change in quantity demanded and a change in demand. Change in quantity demanded" refers to movement with the demand curve. For instance, if th
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
Answer in true or false 1. "Improvements in environmental quality of a recreational site will, all other things being equal, increase consumer surplus of individuals that visit
concept of narrowness in pure economics
Causes of inflation: Excessive growth in wages relative to productivity can cause inflationary pressures. This causes aggregate demand to increase relative to aggregate supp
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