choose a topic from microeconomics ., Microeconomics

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What is meant by own price elasticity of demand, Problem: i) What is me...

Problem: i) What is meant by ‘own' price elasticity of demand? What factors are likely to affect the size of this elasticity? ii) A publicly owned bus line is running at

Infrastructure , Infrastructure : Infrastructure plays an important ro...

Infrastructure : Infrastructure plays an important role in the development of an economy. The adequacy or lack of it determines an economy's success or failure in increasing p

Factors that make this demand less elastic, Question 1: The price of the go...

Question 1: The price of the good X rises from $1.30 to $1.40. Calculate the price elasticity of demand by using the mid-point method. Question 2: How do you explain the answer

Available resources with the desired goals, Available resources with the de...

Available resources with the desired goals: To match the available resources with the desired goals: The complementary nature of some investment decisions make for planning. T

Draw a marginal utility curve , Draw a marginal utility cureve for a good t...

Draw a marginal utility cureve for a good that has a constant marginal utility

Slutsky theorem -mathematical presentation, Slutsky Theorem - Mathematical ...

Slutsky Theorem - Mathematical Presentation: We already know from the first order conditions of utility Maximisation that,   where D ij is the co-factor of the ith ro

GNP, why use GNP in macroeconomichs analysis

why use GNP in macroeconomichs analysis

Purchasing power parity (ppp), Purchasing Power Parity (PPP): The exch...

Purchasing Power Parity (PPP): The exchange rate is determined by the relative purchasing power of currency withineach country.  For example, if a product X costs Rs. 100 in I

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