Draw a Microeconomic Theory of Fertility and then describe the diagram starting from the mathematical formula until their conclusion.

Q: What are the fundamental difference of Classical Economist and Marginalist?

A: Marginalists make economic decisions over particular unit or marginal unit instead of making…

Q: Why did Malthus err in predicting that families would have more children as incomes increased?

A: Malthus was an economist who propounded the theory of population stating some checks as well as…

Q: Condition that arises because society does not have enough resources to produce all the things…

A: There are mainly three economic problems dealt by each nation. These problems are stated below: a)…

Q: What are the main characteristics of a mixed economy?

A: When talking about types of economy, mixed economy is the economy with characteristics of command…

Q: are the poorest members of society the greatest beneficiaries in the Difference principle of John…

A: The poorest members of society are not usually the most significant winners under the Difference…

Q: What is functional literacy?

A: Literacy is characterized as the ability to interpret and write as well as information of a…

Q: Which element of a command economy is also used in a mixed economy

A: Command economy: - a command economy is a controlled economy where all economic decisions are taken…

Q: How does the microeconomic theory of fertility relate to the theory of consumer choice? Do you think…

A: The relationship between the consumer's preferences and the expenditure is depicted by the theory of…

Q: How best would you decipher the difference between human capital, social capital, economic capital…

A: Capital in economics matters incorporates substantial resources, for example, apparatus and gear…

Q: In many developing countries, livestock death and disease is considered to be one of the main…

A: Economics can be defined as the allocation of scarce resources in order to satisfy the consumer…

Q: Why social enterprise considered as an alternative platform that can alleviate the plight of the…

A: In an economy, social enterprise refers to the one in which government has the major share and the…

Q: Government attempts to reduce income inequality; ensure minimum health, education, and living…

A: Government plays an important role in various aspects of the economic stability. It ensure the…

Q: Test- What is micro economics?

A: Economics is the study of how the society uses its limited resources. Thus, the economics is a…

Q: Which was a theory introduced by Adam Smith? Select one: a. Theory of Population. b. Theory of…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: A study on the perception of the urban poor on the housing program of the government. What is the…

A: Value of the research would be that urban poor would appreciate for the houses that they get.…

Q: Does Income Inequality Impair the American Dream?

A: Income inequality: It means uneven distribution of income throughout the population.

Q: According to John Rawls, society gains more from improving the welfare of the rich household. TRUE…

A: John Rawls gave his findings and theory on the social justice or welfare and describes the economy…

Q: Explain all three Circular flow economic models in one structure.  ?

A: An economic model is a simplified depiction of reality that enables economic action to be observed,…

Q: To what extent is the stage theory of Rostow applicable to underdeveloped countries?

A: Economic growth is not the only path to build a better economy. An economy should also consider the…

Q: Does subsistence economy provide a good quality of life? Explain answer

A: Before answering the question we need to understand a good quality of life. Good quality of life…

Q: Discuss  A Self-Sufficient Economy

A: Economics is a social science which studies the efficient allocation of the scarce resources in the…

Q: What are the types of natural resources and makeup the differences between them?

A: (Since you have posted multiple questions, we will answer the first one for you. If you want a…

Q: Indicate and discuss the three stages/phases of production by means of ahypothetical graph.

A: There are 3 stages of production which are defined through the law of DMR(diminishing marginal…

Q: Refer to the demographic transition model below to answer the three questions that follow.…

A: Demographic transition refers to the transition of the society from high birth rate and high death…

Q: Consider two towns with 4 million individuals each. The figure below shows the initial locational…

A: The situation in which the prices of different places are in relation to the satisfaction that one…

Q: Does maximizing the value of the firm come at the cost of the CSR program? When forming your…

A: The major aim of any organization is making a profit.

Q: According to Marx’s materialist conception of history, what is the relationship between property or…

A: Historical Materialism is also known as historical materialist concept. It is an approach used by…

Q: HIV/AIDS has an impact on all the following areas EXCEPT: a.Household consumption b.Productivity…

A: HIV/AIDS kills and incapacitates grown-ups in the most useful piece of their lives. Subsequently, it…

Q: As technological change makes us more sedentary and food costs increase, obesity is likely. What…

A: An increase in the cost of food and makes individuals more sedentary is one of the major drawbacks…

Q: How does a mixed economy decide what to produce?

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the…

Q: Why does Chang (2011) argue that there is no such thing as a free market? Why is immigration central…

A: Free market refers to a system where the buyers and sellers interact with each other to decide the…

Q: Illiteracy is the main cause of low quality of life

A: Illiteracy: As we know that literacy is also an indicator of economic development. More literate…

Q: discuss/explain Transformational leadership.

A: Meaning of Managerial Economics: The term managerial economics refers to the process of a…

Q: Discuss the concept of coming of age in “House on Mango Street."

A: coming of age in “House on Mango Street." is a story based on a girl named Esperanza. This story…

Q: What is Mixed Economic System?

A: A Mixed Market Economy or Mixed Market System is a combination of several parameters of market…

Q: The main economic difference between a utopia and the real world is that in a utopia, there is no…

A: The economy is the set of different activities in which economic production and consumption are…

Q: How does TripAdvisor use the four basic inputs of an economic system?

A: Introduction: An economic system, sometimes known as an economic order, is a system for producing,…

Q: How does the microeconomic theory of fertility relate to the theory of consumer choice?

A: The relationship between the consumer's preferences and the expenditure is depicted by the theory of…

Q: What will a technological advancement do?    A. shift the demand curve to the left  B. shift the…

A: The thing which helps society and tends to determine the way in which there is the interaction of…

Q: Why Malthus Vision of population theory is consider as wrong among the economist?

A: Thomas Malthus was a British philosopher and economist who developed the Malthusian growth model, an…

Q: What is mixed economy and what are the features of the mixed economy please explain?

A: A mixed economy is a framework that joins attributes of market, order, and conventional economies.…

Q: What is human capital? Is education important in increasing the quality of human capital or not?

A: Human Capital The economic benefit of a laborer's experience and talents is referred to as human…

Q: In the production model developed and presented in classes, which of the following is NOT an…

A: An exogenous variable in an economic model is one whose value is determined outside of the model and…

Q: Give at least 3 Executive orders(EO) or Laws imposed in the philippines that cater the flow of…

A: Answer

Q: Discuss the indicators of economic analysis.

A: An economic indicator is a measure that is used to determine, quantify, and analyze the…

Q: Why does the U.S. fall at the bottom of family leave entitlements in developed countries ?What would…

A: In "new economy" non-standard schedule works are very common. Over the past decade, the amount of…