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What is affected variable and cause variable?
In a graph, one variable is dependant and the other is independent. The dependant variable is known as effect variable and independent variable is known as cause variable because it causes other variable to change its value.
can economic laws proved universly
What is snob effect
to what extent does Marginal revenue productivity theory explain wage determination in Zimbabwe
Suppose that the short-run world demand and supply elasticities for crude oil are -0.076 and 0.088, respectively. The current price per barrel is $30 and the short -run equilibrium
wHEN WAGE IS $6.05, HOW MANY HOURS ARE WORKED A WEEK?
discuss how economic theory explains the optimum pattern of consumption of an individual consumer
what is the significance of the Loucas critique in political economy?
Functions of the IFC: The purpose of the IFC is to further economic development by encouraging growth of private enterprise in member-countries. The IFC, therefore: • inv
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
cobb douglas production function?
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