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Q. What is Tradeable product?
Tradeable:A product (a service or good) is tradeable if its purchaser can purchase it far away from the place where it is produced. Most goods (other than perishable or extremely perishable products) are tradeable, and a number of services (like tourism and specialized business, financial and educational services) are also tradeable.
bains limit price
Welfare Analysis 1-Of the following four institutions for allocating apartment to different people at different prices i. The competitive market ii. A discriminatin
what is the energy of violet light with a frequency =7.50 x 10 to the 14 s-1
what is the relevance of microeconomic analysis in contemporary Nigerian economy
u=2x^2+3y^2 hence income=310 birr and price=3 birr calculate quntity of x and y the optimize&minmize utilityfor the given income
1. Explain how the aggregate supply curve for the entire economy can be derived under; i. Classical assumption ii. Keynesian assumption 2. Explain how equilibrium can be a
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
Rationale for government intervention There are six major functions the government can perform in an economy. 1. The government provides a legal and social framework within which
Cyclical Fluctuations: Consider a situation where the value of money above trend indicates an unexpectedly high level of money in the recent past. The model predicts that this
derive demand equation
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