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1. Consider an individual facing a wage rate w . There's a total of 100 hours available for work or leisure in a week. (a) Represent his budget constraint graphically (b)
DRAW A SIMPLE CIRCULAR FLOW DIAGRAM AND DISCUSS BRIEFLY THE DISTINCTION BETWEEN AN INJECTION INTO THE FLOW AND A LEAKAGE FROM IT
How to solve questions of endowments?
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
Sita expects her future earnings to be worth Rs. 100. If she falls ill, her expected future earning will be Rs. 25. There is a belief that she may fall ill with probability of , -
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
what is supply and demand
Suppose a firm faces two markets for the same product. In market A, the demand function is PA=60-QA, while in market B the demand function is PB=36-0.5QB. The total cost function i
MRTS and Marginal Productivity The change in output from change in labor equals: The change in output from change in capital equals
to what extent are interest rates determined by the economic theory
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