N-m utility, nm utility index

nm utility index

Value of intermediate products, Value Added:Value added in a particular sta...

Value Added:Value added in a particular stage of production equals value of total output, less the value of intermediate products (comprising raw materials, capital equipment and o

Economic cycle, Economic Cycle The economic cycle is the long-standing...

Economic Cycle The economic cycle is the long-standing sample of alternating times of economic growth (expansion) and decline (recession), followed by changing economic indica

Critically examine recent development in demand theory,

Law of demand, "price is becoming cheaper,yet the demand for car is not ris...

"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?

Explain the terms inflation and deflation, Discuss whether inflation or def...

Discuss whether inflation or deflation is the more serious problem for an economy. Inflation is a consistent general enhance in the price level, whereas deflation is a consiste

Demand and supply, technological advance reduced the cost of computer chips...

technological advance reduced the cost of computer chips . explain using the demand and supply diagrams , how the the following markkets are affected in terms of price and quantiti

Slope of isoquent, Where the equation of isoquent drived from?

Where the equation of isoquent drived from?

Point elasticity of demand, Point Elasticity of Demand - For large pric...

Point Elasticity of Demand - For large price changes (such as 20%), value of elasticity will depend upon where price and quantity lies on demand curve. - Point elasticity me

Risk loving persons, Risk Loving - A person is a risk loving if they sh...

Risk Loving - A person is a risk loving if they show a preference toward the uncertain income over a certain income having same expected value. Examples: Gambling, some