What is long run supply curve
Please brief the knowledge what is long run supply?
Expert
Long run supply: It is a graph represents the long run supply curve.
Gross domestic capital formation is always greater than gross fixed capital formation
In calculating the GDP national income accountants:
Describe Okun's law? Give an illustration of how it works.
Macroeconomics is mainly concerned along with all things as the: (i) decisions individuals and firms make while prices change. (ii) resource usage and technology bases of firms. (iii) levels of national employment and income. (iv) movements within the
Explain in short the income approach to evaluate national income. Answer: Under income method to compute the National Income, the steps given below have been taken into account: A) First of all production units tha
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 market price you pay for each and every particular goods you purchase regularly is probably most closely associated with the last unit of each and every good’s: (1) Marginal utility. (2) Total utility. (3) Producer surplus. (4) Consumer surplus. (5) Economic
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
What is the role of price in market economies?
Definition of surplus: It is a condition in which quantity supplied is more than quantity demanded. To remove the surplus, producers will minimize the price till the market reaches to equilibrium.
18,76,764
1928043 Asked
3,689
Active Tutors
1420944
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!