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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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adam has decided to spend exactly $800 on college textbooks per year for the next three years, even though he knows that the price of textbooks are likely to rise by 10% each year and that he will be getting a large monetary gift from his grandparents next year. what can you tell about adam’s price elasticity of demands for textbook? what about his income elasticity of demand for textbooks? what type of good is textbooks to adam? justify your answers.
how does a central bank of a country controls the supply of money in an economy
a possible reason that the demand of petrol be inelastic
What is purpose of classifying the different market structures
What is rate sensitive stock and how does the us 10y treasury yield affect the mentioned asset?
What recommend books should be study for BA first semester
Kindly throw light on marginal befit and marginal cost, generally, we assume it equal MB=MC. Why it is so?
What steps should take India government to avoid fall of its currency value ?
is all questions above are student question??…i really need an economist friend
During the devaluation of the national currency
What do people do with their cash?
I have the following budget constraints for an agent. In the first period of his life, he only can get loans (he doesn’t “earn” income). With the loans (L) he needs to decide between first period consumption (C1) and investment (I). The amount invested will allow him to get a second period income Y with probability P which is increasing in I (therefore, P(I)), In case of success and the person obtain Y, the individual should use Y to repay the loan (L) that he requested in the first period and consume in the second period (C2). However, with probability 1 – P(I), the person don’t get Y and therefore only consume C1. Note that if the individual only invest the loan (L=I) and don’t obtain Y, he can’t consume anything. That motivates him not to invest the whole loan and keep part of the loan in order to warrant at least first period consumption. Therefore, considering B the parameter for the time preference the problem would be:
max U=ln(C1) + Bln(C2)
s.t: L = I + C1
Y= L(1+r) + C2 with Probability P(I)
or
s.t: L = I + C1 with probability 1 – P(I)
Have anyone seen something like this? If yes, how to proceed?
according to classical economies,inflation lead to unemployment.Milton freedman dis agrees with the the illustrations examine the statement.
Discuss the benefits of tighter regulation of financial markets for the performance of the economy (25)
The long-run average cost curve can be used to illustrate the concept of economies of scale. A firm’s efficiently is affected by its size. large firms are often more efficient than small ones because they can gain from economies of scale, but firms can become too large and suffer from diseconomies of scale. as firm expands its scale of operations,it is said to move into its long run
Opportunity cost is defined as
1> “that must be given up in order to obtain something else.” or
2> “the next best alternative that must be given up in
order to obtain something else.”
Please advise which definition is more accurate. What is different between “the value of the next best alternative” and “the next best alternative” itself?