elgaitan: 1-if price is decreased 2-i think Adams smith 3-fall in demand of d oda

Gbam!

But dat que 2,should be John Maynard Keynes ,because dat guy finish monetary eco oooo

Dr. Laz'Devitan:
To economic student...answer this



What philosophy of thought was behind the essence of Adam smith definition of ECONOMICS?

Please try to rationalise!

Classical

Lemme post li2 questn.
The type of unemployment which is the same with underemployment is________

2)The various combinations of two commodities that can be produce given a certain amount of resources is shown by______

3)The demand curve for a perfectly competitive market is_____

emekakelvin: Lemme post li2 questn.
The type of unemployment which is the same with underemployment is________

2)The various combinations of two commodities that can be produce given a certain amount of resources is shown by______

3)The demand curve for a perfectly competitive market is_____

Leme try:
R
1.cyclical
2.ppc
3.horizontal

emekakelvin: Baba abeg come post the answer

already answered

BRAINEE123:

Gbam!

But dat que 2,should be John Maynard Keynes ,because dat guy finish monetary eco oooo

may be cos I didnt knw the answr jawe

"As quatity unit of variable input is increased by equal dose leaving the other fixed input costant, total output will increase but in a given point at a diminishing rate" this is law of what?

BRAINEE123:

Leme try:
R
1.cyclical
2.ppc
3.horizontal

d 3rd ans should be "perfectly elastic"

renaissance: d 3rd ans should be "perfectly elastic"

Read the que again sire...it says shape of demand curve,and not elasticity of demand

crowther15: "As quatity unit of variable input is increased by equal dose leaving the other fixed input costant, total output will increase but in a given point at a diminishing rate" this is law of what?

law of dimunishing return

now,a cup of tea 4 everybody: 1,d slope of an indifference curve is called "marginal rate of substitution" 2,d slope of an isoquant is called "marginal rate of technical substitution" 3,d slope of PPC/PPF/PPB is called "marginal rate of trans4mation"

BRAINEE123:

Read the que again sire...it says shape of demand curve,and not elasticity of demand

d que didn't ask abt d "d shape" but abt d type/name of demand in perfectly competitive market which is "perfectly elastic"

renaissance: d que didn't ask abt d "d shape" but abt d type/name of demand in perfectly competitive market which is "perfectly elastic"

oga Brainee is actually right

emekakelvin: Lemme post li2 questn.
The type of unemployment which is the same with underemployment is________

2)The various combinations of two commodities that can be produce given a certain amount of resources is shown by______

3)The demand curve for a perfectly competitive market is_____

Answers.
1) Disguised
2)ppc
3)horizontal

renaissance: now,a cup of tea 4 everybody: 1,d slope of an indifference curve is called "marginal rate of substitution" 2,d slope of an isoquant is called "marginal rate of technical substitution" 3,d slope of PPC/PPF/PPB is called "marginal rate of trans4mation"

Nice one! which Eco textbook do you use?

renaissance: now,a cup of tea 4 everybody: 1,d slope of an indifference curve is called "marginal rate of substitution" 2,d slope of an isoquant is called "marginal rate of technical substitution" 3,d slope of PPC/PPF/PPB is called "marginal rate of trans4mation"

Nice one...i dey feel u

BRAINEE123:

Nice one...i dey feel u

oga brainee, i dey feel u too.r u still waiting 4 ui 2nd list & sitng 4 anoder jamb?because it pained me as ur name wsn't on d ui eco mrt list.u r d type i'd like 2 mk frnds with in ui eco dep

emekakelvin: Nice one! which Eco textbook do you use?

it is Plenty.internet research is also among

renaissance: oga brainee, i dey feel u too.r u still waiting 4 ui 2nd list & sitng 4 anoder jamb?because it pained me as ur name wsn't on d ui eco mrt list.u r d type i'd like 2 mk frnds with in ui eco dep

I will meet u there sir. FAITH

BRAINEE123:

I will meet u there sir. FAITH

by d special grace of ALMIGHTY GOD,we shall do matric together.

Chai....my brodas don work go oooo

renaissance: by d special grace of ALMIGHTY GOD,we shall do matric together.

Amen!

emekakelvin: The fundamental of economics is based on (a)demand (b)supply (c)scarcity (d) all of the above

Scarcity. Economics is sometimes regarded as the study of scarcity...

I'm new here. Nice Thread.

Tumikate97: I'm new here. Nice Thread.

U are welcome sir. Ur contribution is really needed.

Am also new here, nd this questions look too tough for me... Well guess I have to read hard also.... Nice job guys..

Peetar3117: Am also new here, nd this questions look too tough for me... Well guess I have to read hard also.... Nice job guys..

hey bro,dis questions ain't tough cuz wif God all tins are possible and u av 2 read as well!

Peetar3117: Am also new here, nd this questions look too tough for me... Well guess I have to read hard also.... Nice job guys..

U are welcome sire!

elgaitan: hey bro,dis questions ain't tough cuz wif God all tins are possible and u av 2 read as well!

Seconded

when a company is "highly geared", wat's d meaning? we can also say d company is in "high gearing" or "high leverage".

renaissance: when a company is "highly geared", wat's d meaning? we can also say d company is in "high gearing" or "high leverage".

Choi! Na during UI pume i read dis tin o... Ma try first
It means it relies heavily on debt to finance it's projects... Shey i get am?

BRAINEE123:

Choi! Na during UI pume i read dis tin o... Ma try first
It means it relies heavily on debt to finance it's projects... Shey i get am?

oga brainee,u got it. ur definition is part of d meaning