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The actual elasticity of demand for the haircuts is 1.36 and for alcoholic drinks is 0.62. Which price must you lower? Describe.
Use a diagram to describe how each of the given events influences the equilibrium price and quantity of pizza (draw a separate diagram for each and every event).
Find out the weekly profit from the production and sale of the product.
Parity Price is a price which maintains the ratio of prices received and paid through farmers at the same ratio as in a base year.
Two monopolistically competitive firms face the similar demand and total revenue functions however face different total cost functions. These demand, total revenue and cost functions are illustrated
Compute the variance and standard deviation of the expected value from each and every project.
Assume that a highly competitive market is explained by the given supply and demand functions S = 3P = 90 and D =7910 - 5P. Assume as well that a representative firm has costs provided by C = 250 +
(Stagflation) Illustrate some of the causes of the stagflation of the year 1973 and 1979? In what ways were such episodes of stagflation distinct from the great depression of the year 1930s?
Write down the various assumptions of acceleration principle? Write down a note on nature and sources of economic growth.
Illustrate out the effects of taxation on the equilibrium of firm. Write down the concise note on imperfect competition in factor market.
State the law of diminishing returns. Write down its causes and effects. Make a distinction between perfect and imperfect markets.
Overview of the most significant macroeconomic variables of Thailand Economy (example: GDP, unemployment rate, trade flows and inflation) and graphs for each and every variable with comments.
Recognize and describe the elements of performance measurement to be included in three-Year PBB statement.
Illustrate out the role of Programme Manager in implementation of Programme-Based Budgeting?
Using proper diagram, show the effects of a balanced budget multiplier. Make a distinction between means test benefits, contingent benefits, and workfare benefits.
Describe the various types of Business Cycles. Also throw a light on Keyne’s theory of Trade cycle.
What do you understand by open markets operations?
What do you mean by trade cycles? Describe Schumpeter’s Theory of Trade Cycle.
What are the leakages in the working of investment multiplier?
The budget deficit can have unfavourable effects. What are the consequences of budget deficit?
Make a distinction between the term positive and normative economics. What are the major characteristics of a merit good?
What do you mean by Fiscal Policy? Also describe the instruments of Fiscal Policy.
“The introduction of money shifts economy to an efficient and Pareto optimal equilibrium”. By Using the Overlapping Generations Model critically examine the above statement.
“Policy can be conducted by discretion or rules... The increased role of expectations led to some economists at loggerheads that it would be best to force monetary policy.
Make a distinction between the orthodox and heterodox perspectives for implementing Intellectual Property Rights (IPRs).