What does ceteris paribus mean? Why is the concept useful to economists? Cite an example.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Ceteris paribus refers to everything else remaining unchanged It is useful in ...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
What does ceteris paribus mean? How does this relate to supply and demand analysis?
-
What is the Ceteris Paribus assumption, and why is this assumption very important in the definition of Demand or Supply?
-
What does the ceteris paribus assumption mean?
-
When dealing with a recession, governments may... a) increase spending b) raise taxes c) increase regulations d) decrease spending
-
Review this chapter with reference to Chapters 4 and 5 and produce a grid with four columns describing the risk for a company with which you are familiar, or for a B2C company, assessing its...
-
The manager of a large TV store wants to begin stocking a type of remote control device. Expected monthly demand is 800 units. The remote controls can be purchased from either supplier A or supplier...
-
When is \(W\) in Eq. 10.40 positive, and when is it negative? Is your answer consistent with the definition of positive and negative work given in Section 9.2? Equation 10.40 W = mgh, (10.40)
-
Use Worksheets 3.1 and 3.2. Qiang Gao graduated from college in 2011 and began work as a systems analyst in July 2011. He is preparing to file his income tax return for 2011 and has collected the...
-
(a) (b) (c) Small business owners are discovering that social media marketing is quickly becoming an important method for driving business growth. While the idea of using "free tools" to drive...
-
Banden Ltd is a highly geared company that wishes to expand its operations. Six possible capital investments have been identified, but the company only has access to a total of ?620 000. The projects...
-
What is economics? Why is economics considered one of the social sciences? What are some of the other social sciences? What do social scientists study?
-
What defines an economic model? In what way is the circular flow model a simplification of reality? Why would economists want to simplify reality?
-
In 2015, Nitai contributes 10 percent of his $100,000 annual salary to a Roth 401(k) account sponsored by his employer, AY Inc. AY Inc. matches employee contributions dollar for dollar up to 10...
-
Using the data in the following table, estimate the average return and volatility for each stock. Realized Returns Year 2008 2009 2010 2011 2012 2013 The return of stock A is The return of stock B is...
-
A motorcycle, making a sharp turn on a level road. Is this a gravity, normal force tension applied force, friction force, or elastic force.
-
Solve the equation: 8x+10-8=1
-
When using an economic model, it tends to: a) start with a lot of details and then get simpler over time. b) include many caveats to ensure that the model is realistic. c) start with very few details...
-
A study guide on java programming including variables ,operators , acess Modifiers , object classes inheritences , Architecture of jvm, jdk , jre and memory?
-
Draft statements of financial position of Spyder and its subsidiary Phly are shown. The following information is available: (1) Spyder purchased 480 million shares in Phly some years ago when Phly...
-
9.Consider the reaction 3NO2(g)+H2O=2HNO3(aq)+NO(g) where Delta H=-137 kJ.How many kilojoules are released when 92.3g of NO2 reacts?
-
Draw a consumers indifference curves for wine and cheese. Describe and explain four properties of these indifference curves.
-
Pick a point on an indifference curve for wine and cheese and show the marginal rate of substitution. What does the marginal rate of substitution tell us?
-
Show a consumers budget constraint and indifference curves for wine and cheese. Show the optimal consumption choice. If the price of wine is $3 per glass and the price of cheese is $6 per pound, what...
-
Question 17: Calculate the ratio of the Coulomb force to the gravitational force, Fc/Fg, between an electron and a proton inside a hydrogen atom. What is the ratio if they are 100 km apart?
-
A thin walled loop with a mass of 1.50 kg and with a radius of 10.0 cm rolls down a ramp with a height h=30.0 cm. If the loop starts from rest at the top of the ramp, what will its speed be when it...
-
Suppose there is a uniformly charged, infinitely tall metal surface. The surface charge density is -4.0 x 10^-10 C/m2. An electron is 1.5 meters away from the wall and is launched directly at it with...
Study smarter with the SolutionInn App