Perfect competition is a theoretical construct and doesn't actually exist. As such, it is difficult to find real-life examples of perfect competition but there are variants present in everyday society. Produce Consider the situation at a farmer’s market, a place that's characterized by a larg...
Another source of financial capital is a bond. Abondis a financial contract: A borrower agrees to repay the amount that was borrowed and also a rate of interest over a period of time in the future. Acorporate bondis issued by firms, but bonds are also issued by various levels of governme...
A liquidated damages clause is fairly common in contracts when one party has concerns about the possibility of losses caused by errors or misjudgments by the other party. These losses are by their nature difficult to estimate. They may be related to loss of potential sales, loss of reputation,...
What are reasons the SRAS curve exists and is shaped for Keynesian economics? What is a recent or relevant microeconomics industry and how does it relate to PPF? Define ''economic model'' and explain its importance in economics. Explain how the Solow model can or can not capture the demograp...
Describe some of the costs of production in relation to microeconomics. Explain the relationship among the average total cost, marginal cost, and average variable costs. Explain the relationship between price, short-run marginal cost, short-run a...
or to raise capital to pay off old bonds, or to buy other firms. However, the idea that banks are usually used for relatively smaller loans and bonds for larger loans is not an ironclad rule: sometimes groups of banks make large loans, and sometimes relatively small and lesser-known firms...
The advantage of the model, especially compared to the most popular alternative, SWOT, is that the extent of bargaining leverage and thus overall threat assessment are grounded in industrial organization and ultimately applied microeconomics [91]. In contrast, the external component of SWOT, namely ...