You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.
I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
- Please don’t ask me to do your coursework / assignment e.t.c. (I can usually tell if it is a homework question!)
- The question and answer will be published here so that everyone can see it (including your teacher!)
- I aim to try and simplify economics; as a rough guide, I would aim at an understanding similar to a good British A Level student.
- I am looking to explain economic principles/ideas/ recent developments in economics.
- I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers
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Based on your understanding of the theory of demand, supply and how markets
operate, illustrate using relevant diagrams how the economic actors listed below would
apply the elasticity concept to make business decisions:
a. Producers of goods in a market
b. Government
diagrams illustrating how economics actors works on producers of goods in elasticity concept
What theories and assumptions are related to profit maximization
Overtime how much will it cost if the U.S. turned its attention to being more environmentally friendly verse if it continued to increase carbon emissions?
When there is a negative externality in production marginal social costs are greater than marginal private costs.
However when showing this on a diagram the marginal social cost is on the left of the marginal private cost. Shouldn’t it be on the right if it is greater? Like in the same way if demand grows then you show on a diagram the increase in demand as a shift to the right. Isn’t this new demand curve bigger than the previous demand curve on the left of it.
How to view the statistics of different countries? I cannot change England