The lower the value MR of monopolist ,

How do we obtain total cost curve, Total cost curve (TC) is obtained by add...

Total cost curve (TC) is obtained by adding up vertically total fixed cost and total variable cost curves because the total cost is sum of total fixed cost and total variable cost

Agricultural growth and productivity trends, AGRICULTURAL GROWTH AND PRODUC...

AGRICULTURAL GROWTH AND PRODUCTIVITY TRENDS: Despite a steady decline in the share of agriculture in the Gross Domestic Product (GDP) of India, this sector continues to remain

Long run eq, The raspberry growing industry is a perfectly competitive indu...

The raspberry growing industry is a perfectly competitive industry. The firms in the industry have a U-shaped LAC, minimum average cost is $8 and the minimum efficient scale is 4 u

Marginal utility, discuss whether marginal utility is a realistic piece of ...

discuss whether marginal utility is a realistic piece of economic analysis in explaining consumer demand

Interest rate dertemination, to what extent are interest rates determined b...

to what extent are interest rates determined by the economic theory

Price mechanism, use of diagram how the price mechanism operates to allocat...

use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.

Price gouging, In John Stossel's article, "In Praise of Price Gouging", Sto...

In John Stossel's article, "In Praise of Price Gouging", Stossel argues that a law banning price gouging would result in a two-block line for gasoline after Superstorm Sandy. a.

Basics of theory of demand, Basics of Theory of demand: The most famou...

Basics of Theory of demand: The most famous approach in the history of consumer behaviour, after indifference curve approach, is the revealed preference approach. In the revea

What is methodological economics, What is methodological economics? how its...

What is methodological economics? how its significance, Describe use of methodological economics...