Explain how diminishing returns differ return to scale, Explain how diminis...

Explain how diminishing returns differ from diminishing returns to scale. The answer should clearly distinguish among SR (one or more factors are fixed) and LR (where all facto

Pareto efficiency, #question.explain three neccessary condition to achieve ...

#question.explain three neccessary condition to achieve pareto efficiency.

Final Exam, I wont final Exam

I wont final Exam

Describe the change in returns to scale & factor proportion, Before explain...

Before explaining returns to scale it will be instructive to make clear the distinction between change in the scale and changes in factor proportions. The difference between the ch

Explain how automatic stabilisers help to lower fluctuations, Explain how a...

Explain how automatic (fiscal) stabilisers may help to lower fluctuations in the business cycle. Definition of automatic stabilisers as built-in to the system in terms of trans

#title•The price of a laptop increases by 20% and there is a,

Factors responsible for policy failures, FACTORS RESPONSIBLE FOR POLICY FAI...

FACTORS RESPONSIBLE FOR POLICY FAILURES: It is the subject of many official and academic studies to try and find out the reasons for the inability of many, in fact, most of th

Mathematical derivation of ordinary demand function, Mathematical Derivatio...

Mathematical Derivation of ordinary demand function: Here we present the mathematical and more general proof of the above result. Consider, again, the initial price income sit

Principal agent, how to control principal agent

how to control principal agent

Price floor and price ceiling, . Keep slope of supply constant and apply di...

. Keep slope of supply constant and apply different slopes of demand curve and then show what happens if control price impose. Similarly, keep demand curve constant and apply diffe