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Uses of population census:
It is used to determine the size and the growth rate of the population at a country.The helps the government in planning for education, transportation, health etc.• It helps authorities to have adequate and relevant data. These data include the size, composition, distribution of population etc.These data aid the planners of the economy to forecast the future needs of the country.
• Data provided by population census help in the allocation of resources to the various regions and states of the country.
• It provides data for demographic studies.
Think of the Golden Ball game. Now player 1 is money-minded and jealous, and player 2 is very good-hearted, so the payoff matrix is follows: Playe
For the pizza seller whose marginal, average variable, and average total cost curves are shown in the following diagram, what is the profit-maximizing level of output and how much
Area of Dominant Influence (ADI) The ADI is a geographic area made up of all over the world that receive signals from radio and television stations in a individual market.
Hotel rooms go for $100/room and sell 1000/day; if taxed at $10/room and rate goes to $108 and 900 rooms are sold, what''s the tax revenue and dead weight loss?
What is consumer surplus? What is its significance and what causes it to change?
Objectives of the WTO: The agreement establishing the WTO reiterates the following objectives of the WTO: • Raising standards of living and incomes, ensuring full employm
The Bandwagon Effect - This is desire to be in style, to have a commodity because almost everyone else has it, or to indulge in it. - This is major objective of marketing an
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
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
diagram of extension and contraction in demand?
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