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What are the basic economic institutions? There are two fundamental economic institutions which have been so far used into the real world are as: a. Market economic institut
Qustions: You are the sales manager at SoftSystem, a dominant firm that produces operating system. The new operating system, Doors XR, has been newly developed. Its demand is e
Briefly discuss the components of macroeconomics system with suitable explanation
u=2x^2+3y^2 hence income=310 birr and price=3 birr calculate quntity of x and y the optimize&minmize utilityfor the given income
what is the indirect utility/
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
what do we mean by The narrowness of definition of the commodity.
Differentiate between nominal and real exchange rate. Nominal exchange rate is the rate which actually prevails in the foreign swap market. The real exchange rate is the rate
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
What are the properties of cost function? Properties of Cost Functions: Some similarities are here with consumer theory. Such similarities are actually exact while one compa
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