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When somebody wearing muddy shoes rides a public bus, he imposes a negative externality on other riders (passengers get some mud rubbed off on them, and the shoes look ugly). If a
the meaning of supply
Island Economy: Consider an economy as a sea with islands of local markets. Each household produces goods and sells them on one and only one of the arrays of these markets. Go
a more simple explanation of the group equilibrium in the short and long run
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
the demand and supply functions for goods are given by demand:Pd=50-3Qds and supply:Ps=14=1.5Qs. where p is the price of a pair of jeans, Q is the number of pairs of jeans a) calc
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
Q. What do you meant by Progressive Tax? Progressive Tax:Tax is considered progressive if a larger proportionate share of its total burden falls on individual'swith higher avera
When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.
explain convergent and divergent system
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