what is micro?

Q: On the graph below click on the line AD1 and drag it up and to the right

A: The below graph is AS / AD model in long run. The vertical line represents the long run AS.  Due to…

Q: What is economic region of production? Describe with diagram.

A: An economic region of production can be referred to as an area of economic sense in which the…

Q: What is the marginal cost of capital?

A: Marginal cost denotes an addition to the total cost that incurred in the process of producing an…

Q: What is the difference between production cards and move cards?

A: Instruction/visual card is a communication tool used in the field of manufacturing. These are…

Q: Frisbees are produced according to the production function q = 2K+Lwhere q =output of frisbees per…

A:

Q: Why must we connect earning power and purchasing power to the concept of time?

A: Purchasing power is the quantity of good and services that can be purchased with a unit of currency…

Q: I do not understand the production possibilities curve in Macroeconomics. It is on page 11 of the…

A: * I can explain to you in general what production possibility curve in macroeconomics is as I don’t…

Q: Capital is a particular kind of money that incorporates ___________. a   proxemics b   symbols c…

A: Capital can be thought of as an accumulation of working hours. It enables a firm to hire labor, and…

Q: Write the main points of Rs an JK flip flop?

A: A Flip Flop is a bi-stable gadget. There are three classes of flip flop, which are known as Latches,…

Q: What is meant by the term cost of living? Define and explain it.

A: Cost of living is a way to calculate the minimum amount of money required to cover basic need of an…

Q: What is machination of progress?

A: Definition In terms of globalisation and technical progress, the term "machination of progress" is…

Q: Why does the general public often refer to the cost-of-living index?

A: The economy consists of different type of people in it. There will be some with high financial…

Q: What is the Need for Integrating Macro and Micro economics?

A: Answer: It should be stressed that none of the two methodologies discussed above can effectively…

Q: How does competition between capitals necessitate accumulation?

A: Capital accumulation (also termed the accumulation of capital) powers that further the pursuit of…

Q: Definition of micro

A: In economics we study the decision of societies in the condition of scarcity, people has to choose…

Q: O C,R O D,L O B,R D,M

A: Game theory is used to model different strategies between two or more players. That is where we find…

Q: Describe the service economy briefly, and the nine supersectors.

A: According to the United States Census Bureau, the service sector produces intangible goods, more…

Q: What is the difference between Karl Max and Adam Smith in term of division of labour?

A: The separation of a work process into a number of jobs, each of which is carried out by a different…

Q: What is unemployment in macroeconomics?

A: Unemployment is the situation when people are willing to work at the market wage rate and actively…

Q: Different between micro and macro

A: Micro economics involvesSupply and demand in individual markets.Individual consumer behaviour. e.g.…

Q: Toyota contemplating whether to increase production of SUVs based on future consumer demand. Is that…

A: The study of economics can be divided into two branches namely macroeconomics and microeconomics.…

Q: answer to one decimal place. Be sure to enter the correct units for what they are giving up.

A: Opportunity cost is what one must give up in order to get something. Now, personal opportunity cost…

Q: What does machination of progress?

A: Globalization and technological progress are referred to as "machinations of progress." The…

Q: What is the two sector model?

A: The two sector model emphasizes on two way production processes.

Q: Is organisation a part of factors of production?

A: # Goods and services which are the base of an economy are reffered to be as factor of production.

Q: What impact does technological change have on the economy?

A: Economic growth has three main indicators technological advances, capital accumulation, and increase…

Q: Why the aggre

A: Why aggregate supply curve slopes upward in the short run .

Q: In the circular flow diagram, the different payments made by ________ to ________ include wages

A: Money is the item used to purchase the products and services manufactured by the producers.

Q: Briefly explain the adjustable peg system.  Please write the answer in not more than 5 lines?

A: IN RESPONSE TO VARIOUS CHANGES IN THE GLOBAL ECONOMIC EVENTS THE EXCHANGE RATE RESIGNS HAVE INVOLVED…

Q: What is/are John Stuart Mill's key ideas and explain what is it about?

A: John Stuart Mill : He was one of the great English Philosopher who was born in 1806, He get  entered…

Q: Discuss what is meant by the long run in economics. When does the long run occur?

A: A long run is a span of time during which a manufacturer or producer can make manufacturing…

Q: What is the role of time in research?

A: Nothing is consistent. It would be truly great to freeze everything following a significant occasion…

Q: what is Circular flow of production units?

A: circular flow model Lets understand this concept with an example:- In this circular flow model…

Q: Briefly describe what economists do and their typical working conditions.

A: The economists deal with the issues related to a nation’s economy. The various functions of an…

Q: what are the factors that contribute to econmic grow

A: Economic growth is the quantity aspect of the economy. An economy's growth is directly related to…

Q: How do you find the price index for macroeconomics?

A: The price index (or price indexes) is the average of price relatives for a particular goods and…

Q: Ismael worked for Abdul until he was able to buy a piece of land where he can develop as…

A: Meaning of Factors of Production: The term factors of production refer to the situation under…

Q: What is the difference between short-run and long-run in economics?

A: The long-run and the short-run time period is different for different industries. Such as, for a…

Q: 1. 1he flowing data was for Phosphate Company, the output (Yi) in 2010 was 2 billion $. in 20011 was…

A: For different years of output we have different years cost associated with output. So the sum of C2i…

Q: Explain why the AVC curve is "U shaped"?

A: Step-1 Marginal Cost(MC) is the increment in the total cost(TC) due to a unit increment in the…

Q: MACRO ENVIRONMENT – based on NIKE COMPANY, | BRIEFLY EXPLAIN ALL the forces that have affected the…

A: Business economics helps in understanding all the economic factors that affect the business and its…

Q: why minimum wage should not increase ?

A: Minimum wage is the lowest wage below which an employee cannot hire workers.

Q: What is the difference between micro and macro inventions in the industrial revolution, in Allen's…

A: The conceptualization of macro-and micro inventions has educated a lot regarding the new…

Q: Can I get a macroeconomics article summarize and analysis here?

A: Macroeconomics could be a discipline of political economy that studies Associate in Nursing…

Opportunity Cost Analysis

Opportunity cost refers to the loss of potential benefits when choosing one alternative over another. It is the tradeoff a person makes, or the potential gains they miss out on, because of their choice. To analyze opportunity cost, we must consider the benefits and tradeoffs of each available option.