Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Services and goods that are used for their ultimate end purpose, meeting some human desire orneed. Consumption may include private consumption (by individuals, financed from their personal incomes) or public consumption (like health care oreducation - consumption organized and paid for by government). Consumption is different from investment, which includes using produced services and goods to expand future production.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9579143

Have any Question?


Related Questions in Microeconomics

Question in your opinion how can behavioral economics be

Question: In your opinion, how can behavioral economics be used for YOU as a student? How would you apply and use behavioral economics if you were a small business owner? The response must be typed, single spaced, must b ...

Question is a tax on margarine efficient in the economic

Question: Is a tax on margarine efficient in the economic sense of the term? Why would margarine producers prefer to have an excise tax impose on both butter and margarine? Would such a tax be more or less efficient than ...

Question in the graph below assume that the market demand

Question: In the graph below, assume that the market demand curve for labor is initially D1. The market supply curve for labor is indicated with figure "S". Wage rate is depicted on the other things held constant vertica ...

Question in the keynesian cross model assume that the

Question: In the Keynesian cross model, assume that the consumption function is given by C = 120 + 0.8*(Y-T) Planned investment is 200; government purchases and taxes are both 400. a. Graph planned expenditure as a funct ...

Case 2-3 starnes-brenner machine tool company to bribe or

CASE 2-3: Starnes-Brenner Machine Tool Company: To Bribe or Not to Bribe? The Starnes-Brenner Machine Tool Company of Iowa City, Iowa, has a small one-man sales offi ce headed by Frank Rothe in Latino, a major Latin Amer ...

Question define and draw the utility possibility frontier

Question: Define and draw the utility possibility frontier. In your picture explain what is meant by pareto efficient. Social welfare functions can be used to pick out a point on the utility possibility frontier. Show th ...

Question - andy lange president of the university of south

Question - Andy Lange, president of the University of South Wisconsin, is concerned with the declining business at the University Book Store. The students tell him that the prices are simply too high. Andy, however, has ...

Question international businesswhat are the types

Question: (International business) What are the types contractual arrangements that multinational companies (MNC) can establish? and explain how money is moved around what are MNC's ethics and social responsibilities? Th ...

Question following the first energy shock in 1973 when oil

Question: Following the first energy shock in 1973, when oil prices rose $10/bbl, the rate of inflation averaged 8% for the next five years. Following the second energy shock in 1979, when oil prices rose more than $20/b ...

Question we the people is a national chain that offers

Question: We The People is a national chain that offers paralegal services such as filing forms in court for property transfers, wills, and simple bankruptcies.26 It charges flat fees for such services. Why might it choo ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As