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!)
- Please don’t ask any maths calculations.
- The question and answer will be published here where 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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About The Author
hi tejvan,
plz tell me some products for which equilibrium price is not favourable for some producers and consumers which invite the state to impose price restriction
Is it possible for a country to completely pay off its national debt?
https://www.economicshelp.org/blog/11570/debt/is-it-possible-for-a-country-to-completely-pay-off-its-national-debt/
How does low liquidity ratio create surplus liquidity in banks?
What are the factors of the demand pull inflation.
https://www.economicshelp.org/blog/2656/inflation/different-types-of-inflation/
what does it really mean by short-run trade off between inflation and unemployment? how can we relate this to people working in supermarket? i really need your help. thank you in advanced!
A perfectly competitive firm is currently maximizing profits and the market is in a long-run equilibrium. Market demand for the firm’s production increases. Briefly summarize what happens in the market.
Describe in detail what will happen to the firm’s production (and most importantly why) as a result of the change in the market. Describe what will happen and why to the firm’s costs and profits as the firm makes its choices. Emphasize why each type of individual cost does or does not change as the firm changes its level of production. Explain your reasoning.
Summarize what will happen in the market in the long run. Discuss the changes that will occur in the long run for the firm and explain why. You do not need to discuss why each cost changes, but do explain why the firm ends up where it does relative to where it was at the beginning and where it was in the short run.