Economics

The economists assert that there is a positive correlation between economic growth and well-being (of an individual or household).

Calculate the average product of labor APL, when the level of capital is fixed at 81 units and the firm uses 16 units of labor.

Opportunity cost is an important economic concept that allows us to understand our decision, especially about investment/production, in greater detail (Tucker).

Economics is the study of the optimal utilization of scarce resources and the interaction of the forces of demand and supply to determine of price and quantity.

It has been proposed that instead of paying a worker for each assembly of the photocopier, the firm should pay him/her fixed wage of $16.

Buy One, Get One Free is also such a market strategy that aims to increase the market share without compromising on producer surplus.

Monetary policy is an intriguing subject, because in economics the role of money is very ambiguous, especially in neoclassical economics.

Regarding the consumption of cigarettes, it is apparent that an increase in price cannot discourage the consumption of cigarettes to the desired level.

As there will be no change/shift in the supply of wine from the Bordeaux area, the price and the quantity demanded will not change.

Studies on the effectiveness of monetary incentives for students that aim to achieve set targets reveal that some extrinsic incentives are more effective.

I have also learned that the capital structure of an organization plays a major role in determining its behavior and in devising of business strategy.

There are various types of Regression Analysis, such as simple/linear-multiple-robust, which are employed for specific objectives and in particular conditions.

Quantitative Easing is an expansionary monetary policy, which intends to lower the interest rates, increase the size of investment and the general price level.

“How is to Determine the Nature of Relationship between Employment and Inflation in American Economy?” This is the research question for this research.

In the Short-run there are two types of cost: 1) fixed cost and 2) variable cost. These costs are viewed as a single entity or cost curve, Total Cost Curve.

The study of the Air – transportation industry reveals that several economic principles are at play in Air-Transportation Industry.

From the study of different labor markets, in developed and developing countries, it is evident that these markets have inherent flaws, and challenges.

Utility maximization is related to total utility. For instance, utility maximizes when the total utility is at its maximum.