please answer these questions as soon as possible....
Solution:-
3B:-
3B:-
- increase in price of substitute goods
- fall in price of complementary goods
- increase in income of buyer
3E:-
A balance of payments deficit means when nation imports more commodities, capital and services than it exports. It must take loan from other nations to pay for their imports. A deficit in BOP is reflected by a shortfall of autonomous receipts as against autonomous payments.
3G:-
A balance of payments deficit means when nation imports more commodities, capital and services than it exports. It must take loan from other nations to pay for their imports. A deficit in BOP is reflected by a shortfall of autonomous receipts as against autonomous payments.
3G:-
In Terms of Marginal revenue and Marginal Cost Approach producer strikes his equilibrium (at maximum profit) when two conditions are satisfied i.e. MR = MC AndMC is rising ( or MC is greater than MR beyond the point of equilibrium output.)Therefore, just the equality between MC and MR are not sufficient to ensure equilibrium.