There are mainly three types of profit- normal profit, economic profit and accounting profit. They all are different from each other. Economic Profit... See full answer below.Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our ...
Explain why, according to Solow model, an increase in the savings rate leads initially to growth in income per capita, but this growth eventually stops. Explain the difference between the business cycle and economic growth. How does population growth affect economic growth? U...
This result may be related to the fact that opening new marketing channels helps to create new sources of income (Wästfelt and Zhang, 2016), and focusing on new markets or different consumer demands can also lead to transformations related to product and process quality (Knickel et al., ...
An individual will typically shift their consumption level as their income increases because they can afford more commodities. They'll end up on an indifference curve that's farther from the origin as a result and hence better off. Many core principles of microeconomics appear in indifference curve...
Answer and Explanation:1 The federal funds rate is often increased during high inflationary pressure so that the depository institutions will not be able to take loans from... Learn more about this topic: Inflation | Definition, Causes & Formula ...
Then, we remove some firms that do not meet our condition of having income greater than 20 million baht. We collect macroeconomic data from various sources. Our data covers the period between 2002 and 2016 with an unbalanced panel of 1,428 observations. The definitions of the dependent ...
Explain what an index trigger is and how it is different from an indemnity trigger. Explain the difference between a quota and a tariff. Which is more effective and why? Explain the relationship between aggregate output and income(Y).
Confessions of an Eco-Sinner: Tracking Down the Sources of My Stuff by Fred Pearce. Beacon, 2008. Are fair trade, organic produce, recycling, and other "sacred cows" of environmentalism really helping Earth? A thought-provoking look at the stuff that powers our lives and the impact it has...
Production Possibilities Curve (PPC) At this point in time, all the points on the curve show... Learn more about this topic: Production Possibilities Frontier | PPF Definition, Curve & Graph from Chapter 1/ Lesson 5 658K Learn about the production possibilities frontier (PPF)...
Do fixed income instruments have residual risk? Explain sunk costs and externalities as they pertain to capital budgeting. How should they be treated, if at all? Finally, explain the use of la Define the following: Risk-free rate. The exchange rate uncertainty may not necessarily mean that ...