Economics Answers

How did the substitution effect created by a decrease in wage level affect the labor demand?

What are the factors that make labor cheap in a country? What are the possible bad and good effects of the decrease in wage levels in a country? And What are the factors that increase the company’s revenue from its sales?

What are relative advantages, of a growth path based on relatively cheap capital, and a growth path based on cheap labor and a demand-driven growth?

What are the factors, that might make economic growth and with it the employment creation within a country easier?

1-i.Compare a perfectly competitive market and monopoly by sketching a suitable graph

ii.Will an increase in the demand for a monopolist’s product always result in a higher price?
Explain by using a suitable graph

1-By using an appropriate diagram, compare the price of a monopolistic and monopoly market if these two firms produce at the same quantity?

1- i.Explain the difference between a perfectly competitive market and a monopolistic market using a suitable graph.
ii.What are the characteristics of an oligopolistic competition?

Wildcat Ltd, a manufacturing company sold a machinery for Rs 8 lacs at the year end. The company had purchased the machinery four years back for Rs 15 lacs and had depreciated the same using written down value method of depreciation @ 20%. As an accounts executive of Wildcat Ltd, calculate the WDV of the asset for the four years, accumulated depreciation for four years and profit/loss on sale, if any.

Why in classical model aggregate output remains constant and aggregate supply also remains vertical ?
How we can increase output in classical model ?

What is the total profit of cleaning five driveways if the price Mr. Plow can charge is $10 per driveway? $