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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.
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- I am looking to explain economic principles/ideas/ recent developments in economics.
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the price of the demand for petrol is inelastic because
Ismael Sumb student at Papua New Guinea University of Technology want to study economics for degree programs.
i want to know reasons why the goverment should decide the maximum selling price of a product so that the citizens can afford to buy it?
because it has all the characteristics of goods that have inelastic prices have.example scarcity, and the number of producers being few in the economy.
Do you have any good tips on how to understand the PPF Curve better.
How does a price discriminating monopoly firm decide total output and price to be charged in each market ?
Pls reply urgently ….I’m waiting for your valuable answers….ur’s faithfully……..Abhi
How is profit maximised when MC=MR ? I assumed that maximisation of profit would occur when MR-MC is at its maximum.
The key is that profit maximisation is where marginal revenue = marginal cost. If MR>MC you can increase total profit by producing more.
Profit is also maximised at the point where the gap between Total Revenue (TR)- Total cost (TC) is at its maximum.
I have a question that goes thus “What are the effect of changes in fiscal policies”
what investment decision is most appropriate during economic recession
how does increased demand highs net working capital ?
What is the different between short run supply and long run supply
Why might two countries choose to trade with one another despite one of the countries having superior technology in production? What determines the distribution of the gains from trade between the nations?
what is the difference between the mid point formula(arc) and the point formula in determining elasticity and when to use them. Kindly include the formulas in the answers that will be given.
what are the mid point(arc) and point formulas, their differences and when to use them.
please i need an explanation on the relationship that exist between micro and macro economics when we are dealing with economics methodology analysis