Prices of Onion (Deshi and Indian) go up due to shortage of supply 1. Introduction: Microeconomic theory is perhaps the most important course in all economics and business programs. I am just trying to discuss about the role of theory or models in microeconomics, discuss the basic methodology of economics, and distinguish between positive and normative analysis. Our main target in this assignment is to […]

It was at Menlo Park Laboratory Complex that Thomas Edison first unveiled the incandescent light bulb in December 1879 (Bellis 2006). More than a century has passed and, in that time, his famed invention has spread all over the world, marking great cities visible to passing planes. It has diminished from an astonishing wonder to an everyday, commonplace thing. In a large portion of the […]

Microeconomic reforms: Microeconomics is a branch of economics that focuses on the individual sectors of the economy, particularly consumers and producers. Microeconomic reform refers to both monetary policy and budgetary policy specifically designed to influence higher levels of productivity to support higher living standards. Factor market refers to markets where services of the factors of production are bought and sold. Product market refers to a […]

Casino is equal to all kinds of gambling properties or activities including horse- racing, dog-racing and cruise ships. Nowadays, there are about 6,224 casinos in the world. The most popular casino must be the one in Lass Vegas. Besides, Cathy H. C. Has points that gambling has existed in Asia for many centuries and gambling has become part of daily life in many Asian cultures […]

BGP 2008 Term I Microeconomics End Term Full marks 30 Time 2 hours 1 . This question contains two parts a. In era of hyperinflation, what would be the appropriate strategy for firms in the airlines and automobile sector to cope up with both competitiveness in the market and rising cost 5 b. Read the following answer the following questions Textbook publishers evaluate market size, […]

Microeconomics for Business Decision Theory of Market Demand: The quantities of a product that people are willing and able to purchase at various prices during some specific time period, sisters periods. 1 QED = f(Pix, ad, income (normal good, inferior good), Pother (substitutes, complements), consumer expectation, regulations, number of buyers,…… ) . All factors except Pix either shift or rotate the Demand for good x. […]

In Incentives, Commitments, and Habit Formation in Exercise: Evidence from a Field Experiment with Workers at a Fortune-500 Company study a wellness incentive program implemented at a large corporate headquarters office. Three groups of employees were given different types of financial incentives to visit the on-site fitness center, and their gym-going behavior was monitored for many months afterward. The incentives were that a set of […]

Introductory* Micro*economics 316-102 *Sem 1*,2010 Assignment 2: Genevieve Blanch QUESTION 1. Externalities in this situation exist where the Government, Country or Private Organisation decides to launch a new satellite causing costs and benefits to other members of society which do not impact on the G,C or PO. Such externalities include: NEGATIVE (Costs to other members of society) Hazard to the useful working satellites that surround […]

The increase in prices of Subs, after factory-gate taxes, will be as much as RSI 35,000, she added. Data Motors, suffered its worst decline in the fiscal, with a 70 per cent drop to Just 10,613 units sold in February. Sales of the Anna, Indict and the Indigo range stood at 7,769 units while 2,844 units of the Sumo, Safari, Aria and Venture range were […]

Today he has an income of 400 kopecks. Bread now costs him 20 kopecks a loaf and potatoes cost him 25 kopecks a sack. Assuming his preferences haven’t changed (and the sizes of loaves and sacks haven’t changed), when was he better off? A. He was equally well off in the two periods. B. He is better off today. C. He was better off 20 […]