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"Validity of Marshall's equi marginal service depends on supposition of unitary elasticity of marginal utility curves of commodities under budget."
Describe single –payment compound amount method. Explain single payment present worth factor.
Describe the concept of break even analysis with suitable diagram?
Make any Hypothetical Balance of Payments. Draw chart for the distinguishing between Globalization, Privatization and Liberalization.
Draw chart for the distinguishing between monopoly, oligopoly, and monopolistic completion. Sketch an imaginary kinked demand curve.
Demonstrate increase and decrease in demand with the aid of graph. Demonstrate Extension and contraction in demand with the aid of graph.
Draw charts for Micro Economics and Macro Economics. Make charts for Normative and Positive study.
Write down the fundamental concepts of managerial economics. Illustrate out the term demand forecasting? Illustrate critically the different techniques of demand forecasting.
Given the downward sloping demand curve and positive marginal costs, profit maximizing firms will always sell less output upper prices than will revenue maximizing firms.
Describe which of following transactions would be directly counted in the 2007’s GDP. In each case, illustrate whether the action causes a raise in Consumption, Investment, Govt. Purchases or
What is annual percentage discount or premium? If you’ve no other information regarding the two currencies, what is your best presumption about the spot rate on the rand three (3) months hence
On the graph, label the area of consumer surplus as f. Label the area of the producer surplus as g. If equilibrium price were $2, what would be the amount of the producer surplus?
If the present price and quantity is situated at the intersection of two demand curves, and competitors follow price diminishes but not price raises, show in the graph the relevant demand curve to c
In the long run, firms operating as pure monopolistic competitors and competitors will both tend to earn normal profits.
If you buy full insurance (b = D) at the actuarially fair premium (AFP), what would be your resulting income if you're injured?
What do you understand by the fixed payment which is made by a privately insured patient in exchange for acquiring the medical service or good?
Jermaine has a health insurance policy which has the deductible of $1,000, a $10 copayment on doctor visits, and coinsurance of 10% on all expenditures other than those for which there’re copa
If there’re moral hazards associated with the health insurance, then why not eradicate health insurance completely and have individuals pay the full cost of their health care?
Assume that in response to learning which some sick individuals were denied health insurance, the government mandates which that insurance company should offer insurance to everyone at unregulated r
The company's objective is to meet all estimated demand at lowest probable manufacturing cost. Use the transportation model to find out the best production schedule.
In question 1, point out what the price would have to be to represent the effective price ceiling. Indicate the surplus or shortages that result. Demonstrate a price floor and give an illustration o
With the help of the Keynesian cross diagram, describe the effect that this change in tastes will have on equilibrium level of output.
With the aid of a graph of the money market, illustrate out the effect on the interest rate and quantity of money.
Illustrate out the three (3) non-traditional policies which the Fed has introduced in response to the financial turmoil and the reason for introducing each of them.
In the following list the number of well-known companies and products that they sell. Which of the four (4) sorts of markets (perfect competition, monopolistic competition, monopoly, and oligopoly)