Let's start.

No prob, I will be among.

Where should we start 4rm?

ok why is the demand curve downward sloping.

Hw can register for A'level exam of dis interesting subject

i'm waiting.

@ lordizak, The law of demand states that the lower the price of a commodity, the higher the quantity to be demanded. So the demand graph is obeying the law of demand.

Can anyone define Indifference curve,

guys pls i nid VERY GOOD text books for an 100 level fresher and d subject abi na courses dat i wl b offering

Is nigeria economy in pratice.a. Mixeconomy b.socialist c.capitalist. Who is d father capitalism

Econometrics,

Nigeria is claimin to practise mixed economy but in reality we are practisin capitalism because the wealth of this nation is controlled by few hands who are strong and powerful.

{1a} what will happen if the price of fuel reduce from N70 to N30? {b} what will be the effect of devaluation on nigeria economy? expect better questions.

u guys shuld pls list textbooks for an 100 level student.

I.c is the locust point of combination of two commodities says x and y which yield the same satisfaction to the consumer.it is an ordinalistic which stipulate that utility is ranked according to their satisfaction. Every rational consumer tends to maximize is utility and minimize it cost.the i c is convex to the origin. For a consumer to be at equilibrium is ic must be tangential to the ratio of the commodity price(the budget line)

segzytemi:

I.c is the locust point of combination of two commodities says x and y which yield the same satisfaction to the consumer.it is an ordinalistic which stipulate that utility is ranked according to their satisfaction. Every rational consumer tends to maximize is utility and minimize it cost.the i c is convex to the origin. For a consumer to be at equilibrium is ic must be tangential to the ratio of the commodity price(the budget line)

Thats good. In my own word: I.C (Indifference Curve) Is a curve that shows the combination of goods which a consumer can purchase (Commodity A&B), yielding the same level of satisfaction such that he is indifferent to the satisfaction he gets.

Which is the hardest courses you've ever taking as an economics student.

What is meant by Economics as an Empty Box?

Nice to see an Economics thread . . . double majoring in Energy Economics and Finance.

dbbest:

What is meant by Economics as an Empty Box?

What on earth is that?

dbbest:

What is meant by Economics as an Empty Box?

   i  think your question is synonyms to the definition of economics given by prof aluko as common sense made difficult by people. The empty box insuliate that generality of every human to have economic ambition.  Mark me  if am right

abeg economy students

start from business economy

list all the was one can make her business 'economically succesful'

pls be very detailed and critical


_{jamb question lolz}

where are the brain busters.

kudus to you all,you guys are doin a great jab and am glad to be among.

Nice thread!but plis lets liv prof aluko out of dis thread.imagin d guy definin economics as what economicst do.

My favourite part is Mathematical economics.

Can any one tell me the definition / the meaning of Rational Consumer and the necessary assumption for being a Rational Consumer?

Can anyone define Indifference curve,
indifference curve is a locus of point that shows different utility enjoy from consuming a given set of goods.
features of indifference curve
1.the higher the indifference curve the higher the level of satisfaction
2.the slope of indifference curve is MRS
3.indefference curve never meet
4.there can b more than one indifference curve in an indifference space
5

Can anyone define Indifference curve,
indifference curve is a locus of point that shows different utility enjoy from consuming a given set of goods.
features of indifference curve
1.the higher the indifference curve the higher the level of satisfaction
2.the slope of indifference curve is MRS
3.indefference curve never meet
4.there can b more than one indifference curve in an indifference space

segzytemi:
Which is the hardest courses you've ever taking as an economics student.

history of economics thought