Public good , Graphically illustrate how society decides on the number of p...

Graphically illustrate how society decides on the number of police officers to hire

Change in consumer income, Change in consumer income: A change in consum...

Change in consumer income: A change in consumer income may bring about a change in the quantity demanded of a good or service. However, the direction of change in quantity deman

Arc elasticity, Arc Elasticity is defined below: Arc elasticity measure...

Arc Elasticity is defined below: Arc elasticity measures/calculates the "average" elasticity between two points on the demand curve. The formula is simply given as (change in q

Oligopoly, stackelberg,bertnart,cournet about oligopoly

stackelberg,bertnart,cournet about oligopoly

Explain about the optimal consumption rule, Explain about the optimal consu...

Explain about the optimal consumption rule. The optimal consumption rule: While a consumer maximizes utility, the marginal utility per dollar spent should be similar for all

Cost theory, if marginal cost descreases then what else is effected by this...

if marginal cost descreases then what else is effected by this

Explain the meaning of poverty, Problem 1: (a) Explain the meaning of ...

Problem 1: (a) Explain the meaning of poverty. Briefly explain how poverty is measured? (b) Clearly explain the relationship between Poverty, Inequality and Economic Growt

Difference between static and dynamic multiplier,

Consumer Behavior, Monica consumes only goods A and B. Suppose that her mar...

Monica consumes only goods A and B. Suppose that her marginal uility from consuming good A is equal to 1/Qa, and her marginal utility from consuming good B is 1/Qb. If the price of

Game theory, sequential game

sequential game