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Participation Rate:Proportion of working-age individuals who decide to ‘participate' in the labour force, by either being employed or actively seeking work. Precise definition of what constitutes "actively seeking work" differs from one country to another, and this can affect measurements of the unemployment andlabour force.
what are the criticisms of modern theory of rent?
A competitive firm produces output using three fixed factors and one variable factor. The firm’s short-run production function is q = 154x – 5x2, where x is the amount of variable
Time is a significant determinant of price elasticity. If a price changes, it might take consumers a certain amount of time to discover alternative lifestyles or commodities to ac
Cost Functions for the Electric Power Sector Scale Economies in the Electric Power Industry Average Cost of Production in Electric Power Industry * Findings -
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
What is main difference between capital intensive goods and primary products? Primary product means the major product in which the firm is dealing. Capital intensive good mea
what do you understand by linear break-even point? in what way is it useful in managerial economics? what are the assumptions underlying the analysis?
if coast of good A fall by Rs.1 & coast of good B increases by 1 Rs. what will be the effect on budget line
Uses and Habit Forming Commodity -price elasticity of demand: The number of possible uses : A commodity has high price elasticity of demand (or elastic demand) if it can be p
Comparative Advantage:A theory of international trade which originated with David Ricardo in early 19th Century and is maintained (in revised form) within neoclassical economics. T
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