Another name of micro economics
What is another name of micro economics? Answer: Price theory
What is another name of micro economics?
Answer: Price theory
Hey FRIEND I need your help for query as given below: The price elasticity beside a horizontal demand curve is constant at: (w) zero. (x) infinity. (y) 1. (z) -1. Can someone ex
When the price reduces and quantity demanded increases along such demand curve for pizza, in that case the slope: (w) is constant and elasticity falls. (x) and elasticity are constant. (y) increases and elasticity is constant. (z) and elasticity increase.
Joseph A. Schumpeter popularized and refined the concept that profits: (i) ultimately derive primarily from innovation. (ii) are necessary compensation to entrepreneurs for bearing uncertainty. (iii) are reduced by bureaucratic inefficiencies in firms
A rising market demand for generic puffy cheese chips produces economic profits and makes a new firm to build a vast modern factory to bake puffy cheese chips. It is an illustration of: (i) monopoly power. (ii) adjustments in the mark
When technological advances within agriculture generate bumper crops of farm products for that demands are relatively price inelastic, in that case the: (w) average income of farmers will decline relative to per capita income for the
Price floors create tendencies for: (1) shortages since buyers demand more than firms produce. (2) lobbying through sellers for their elimination. (3) net increases within the satisfactions of consumers. (4) surpluses since firms creates more when hou
Exit from a competitive industry will carry on till economic: (w) losses are driven to zero. (x) profits precisely offset accounting losses. (y) profit exceeds accounting profit. (z) resources have minimum incomes.
Fiscal deficit: When the total government expenses are more than total government receipts exclusive of borrowing it is termed as fiscal deficit. Fiscal deficit = Total Government Expenditure – Tot
Can the value of APS be negative:Yes, the value of APS is negative; when there are dissavings.
When Adam Smith’s invisible hand executed with no government intervention, this market would be in equilibrium and quantity of Whopper Slushees demanded the quantity supplied would be equivalent at: (i) Price P1. (ii) Quantity Q1. (iii) Price P3. (iv) Quantity Q
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