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what is the basis of marginal utility
why we study micro econmics?
1)The productive capability of an economy is such that to produce 5 units of military good it takes 2 workers to be employed while 10 units of consumer goods require 3 workers. Res
f(x1 x2,x3,x4) =min(x1/4x22/3,x3+2x4)
types of elasticity of demand
how does the program food stamps work????
consumer choice involving risk
P=140-4Q mc1=20+30q for plant 1 mc2=80+10q for plant 2 how many units should be produced by plant 1 and plant 2 to maximise profit for this monopoly?
Costs: If raw materials, machines and other things required for production could be made available freely then the study of the theory of the production and indeed, the study of
Ask qdescribe average and marginal revenue under imperfect competitionuestion
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