What do you understand by equilibrium national income, Managerial Economics

Assignment Help:

a) What do you understand by equilibrium National Income and to what extent is economic growth beneficial to an economy?

b) Explain using both diagrams and mathematical tools, why a 20% increase in investment leads to a higher percentage increase in National Income?

c) The best way to allocate scarce resources is by treating consumers as "kings". Discuss.

d) Differentiate between public and merit goods and explain using concrete examples, why the provision of both types of goods, needs government intervention.


Related Discussions:- What do you understand by equilibrium national income

What statistical method used to estimate economic variable, Statistical tec...

Statistical technique used to estimate economic variable Some statistical techniques are used to estimate economic variables of interest to a manager. In a number of cases, sta

Scracity and opportunity cost, Define scarcity and opportunity cost. Show h...

Define scarcity and opportunity cost. Show how these concepts are useful in managerial decision making

Define the shift in demand curve, Define the shift in demand curve To p...

Define the shift in demand curve To put it differently, demand for a commodity means entire demand schedule that demonstrates the varying amounts of goods purchased at alternat

Normal and supernormal profits, NORMAL AND SUPERNORMAL PROFITS Normal ...

NORMAL AND SUPERNORMAL PROFITS Normal profit refers to the payment necessary to keep an entrepreneur in a particular line of production. In economics, it is generally belie

Commodity-related shortfalls in export earnings, A complementary facility f...

A complementary facility for commodity-related shortfalls in export earnings This is the most recent proposal of the Group of 77 at UNCTAD in June 1979.  There they requested

Simon satisfying behaviour model, Q. Simon satisfying behaviour model? ...

Q. Simon satisfying behaviour model? The behavioural approach as developed in particular by Richard Cyert and James G. March of the Carnegie School, lays emphasis on explaining

State the market demand curve, The Market Demand Curve Quantity of a co...

The Market Demand Curve Quantity of a commodity that an individual is willing to buy at a particular price of the commodity during a specific time period, given his money incom

Limitations, limitations of managerial ecomomics

limitations of managerial ecomomics

Cost parameter, A toy manufacturer makes output according to the production...

A toy manufacturer makes output according to the production function: where n is the number of workers employed by the firm, O is a technological parameter and g the worker

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd