Determinants of the price elasticity of demand, Determinants of the price e...

Determinants of the price elasticity of demand are explained below: 1. Number of close substitutes present within the market - The more and closer substitutes available in the

The lower the value MR of monopolist ,

Quantity demanded, What is the difference between change in quantity demand...

What is the difference between change in quantity demanded and change in demand

Dynamic Multiplier, Discuss the concept of dynamic multiplier

Discuss the concept of dynamic multiplier

PPC and Opportunity Costs, Hi, I am taking an economics course. I have a p...

Hi, I am taking an economics course. I have a problem where I am given 2 types of units with the same production rate and the labor used to produce those units. I am supposed to c

Analytical framework- shapes of graphs, ive been asked to compare shapes of...

ive been asked to compare shapes of graphs e.g. constant slopes increasing, decreasing, inelastc using the concepts of marginal and average changes?

Difference between accounting profit and economic profit, Difference betwee...

Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b

Define credit, Q. Define Credit? Credit:Ability to purchase something w...

Q. Define Credit? Credit:Ability to purchase something without immediately paying for it - through a credit card or bank loan, a mortgage or any other forms of credit. Creation

What is debt burden, Q. What is Debt Burden? Debt Burden:Real economic ...

Q. What is Debt Burden? Debt Burden:Real economic importance of a debt relies on interest rate that should be paid on debt and on total income of consumer or business which und

Marginal product, I am having a hard time figuring out how to find marginal...

I am having a hard time figuring out how to find marginal product.