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Q. What do you meant by Deficit?
Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A deficit should be financed with new borrowing, or by running down previous savings.
Much of undergraduate macroeconomic theory is discussed on the assumption that, in the short run, the expectations of economic agents about the future values of macroeconomic varia
list all the type of cost
price falls and demand is elstic
Use a PPF to explain the difference between actual and potential growth. The PPF shows possible output, taking into consideration all factors of production - but de facto outpu
Expected Utility: Theory Assume that a utility index exists which conforms to the five axioms. The expected utility for the two-outcome lottery L = (P, A, B) is given by,
explain diagramatically Bain''s limit pricing mode
Sita expects her future earnings to be worth Rs 100. If she falls ill, her expected future earning will be Rs 25, There is a belief that she may fall ill 2 with probability of -3
Problem: (a) Consider the Classical Linear Regression Model (CLRM) Y i = α + βX i + ε i (i) Using the method of ordinary least squares (OLS), derive an expression for
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
How do you calculate marginal revenue, and monopolistic profit?
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