Disposable income, what is disposable income and its importance.

what is disposable income and its importance.

Representative consumer faces a wage income tax, suppose, as in the federal...

suppose, as in the federal income tax code for the united states, that the representative consumer faces a wage income tax with a standard deduction. That is the representative con

Elasticities of demand, The price of a laptop increases by 20% and there is...

The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.

Microeconomics assignments, a severe restriction occurs to the availability...

a severe restriction occurs to the availability of consumer credit throughout the banking and finance system

Cross Price elasticity,

Define price elasticity of demand, What is the mathematical definition of p...

What is the mathematical definition of price elasticity of demand The price elasticity of demand is the percentage alters in quantity demanded divided by the percentage change

Mirginal utility, what is the basis of marginal utility

what is the basis of marginal utility

Externalities, What are externalities? Give an example of positive and nega...

What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities

describe the relationship of the demand curve , The definition of a price ...

The definition of a price maker is a "firm with some power to set the price because the demand curve for its output slopes downward", which in effect, means those firms with a down

Cost in the long run, Cost in the Long Run Cost minimization with the V...

Cost in the Long Run Cost minimization with the Varying Output Levels -A firm's expansion path shows minimum cost combinations of labor and capital at each level of output.