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

Supply of money, The supply of money Refers to the total amount of mon...

The supply of money Refers to the total amount of money in the economy. Most countries of the world have two measures of the money stock - broad money supply and narro

Concept of central bank, Concept of Central bank M.H. De Kock concept o...

Concept of Central bank M.H. De Kock concept of central bank is superior to that of others as it is more inclusive. His long definition of central bank includes many of the imp

Supply-side policies for unemployment, Supply-side policies Supply-sid...

Supply-side policies Supply-side policies are intended to increase the economy's potential rate of output  by increasing the supply of factor inputs, such as labour inputs and

Recession, Causes of the Nigeria recession

Causes of the Nigeria recession

A cost-push inflation , A cost-push inflation have as a result of workers' ...

A cost-push inflation have as a result of workers' attempts to push up their wages. Thus, inflation does not have to be monetary phenomenon." Is this statement true, false, or unce

#sales maximisation theory, how realistic is the sales maximization model f...

how realistic is the sales maximization model from experience with business objectives as pursued by Zimbabwean firms

Economies and diseconomies of scale, Economies and diseconomies of scale ar...

Economies and diseconomies of scale are of two types- external andinternal. Internal economies and diseconomies are those which a firm reaps as a result of its own expansion. Conve

Find the profit maximizing output and monopoly profit, The demand curve for...

The demand curve for the product of a monopolist is a straight line such that quantity just falls to zero at a price of Rs 20 per unit and that the maximum quantity (at zero price)

Elasticity of supply of the pens, A firm supplied 3000 pens at the rate of ...

A firm supplied 3000 pens at the rate of Rs 10. Next month, due to a rise of in the price to 22 rs per pen the supply of the firm increases to 5000 pens. Find the elasticity of sup

ROLE OF SCARCITY, ROLE OF SCARCITY IN MANAGEMENT DECISION MAKING

ROLE OF SCARCITY IN MANAGEMENT DECISION MAKING

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