Consumer reaches saturation point when marginal utility is
Suppose price of bulb increased from Rs. 50 to Rs. 75 per bulb and as a result quantity demanded decreased from 10 unit to 7 unit what will be the elasticity of demand
The price mechanism does not act as a
Extension of Curnot model is
The concept of interdependence of market refers to interdependence between
Assume that in the short run firm is producing 100 units of output, has average total costs of Rs. 200 and average variable costs of Rs. 150. The firm has total fixed costs
The income elasticity is +2 and income increased by 20%. Sales were 5000 units, what will they be now?
Sellers are myopic about their demand curve in case of
Supply of loanable funds includes
According to dynamic theory of profit, profit arises due to
Equilibrium in market for good A obtains
If maximum price is set below equilibrium there will be
The market demand and supply function of a perfect competitive firm is Q(d) = 4750-50P and Q(s) = 1750+ 50P respectively. what will be the equilibrium price?
What is the principle applied to redress the imbalance between distribution and welfare?