Surplus of the good
Describe when there will be a surplus of the good?
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When the real market price is more than the equilibrium price, then there will be a surplus of the good.
Define Break Even point? Elucidate with the help of saving function. Answer: Breakeven point is a point where consumption equals to income and saving is equivalent t
What are the “powers of the Federal Reserve
Multiplier: The Multiplier is the ratio of change in income by the change in investment. Multiplier (k) = ΔY/ΔI
Explain the concept of “economies of scale” and “increasing returns”.
Define the "full-employment" or "natural" rate of unemployment and give its approximate percentage rate as economists currently define it.
I have a problem in economics on Paradox of Value-total utility and marginal utility. Please help me in the following question. Water is more precious than diamonds when measured by _____, however less valuable when measured by _____. (i) Total cost, total benefit. (i
How can we analyze the number of event that influences the market?
Analyze at least 3 possible regions for the industry which could lead to transaction costs, explaining each in detail.
10 US dollars are exchanged for 500 Indian rupees. Calculate the exchange rate for Indian currency? Answer: $1 = 500/10 = Rs.50, that is, $1 = Rs. 50
The demand for a resource will increase if the
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