bargaining model
settlement range between management and the trade union
A price increase for Pixie’s cheesy fried grits by P1 to P2 would yield higher total as: (w) revenue because demand is price elastic. (x) supply since demand is unitarily elastic. (y) revenue since demand is price inelastic. (z) use of the
An emphasis on equality of opportunity, although not essentially equality of result, is a center-piece of a system of distribution termed as: (1) meritocracy. (2) laissez faire capitalism. (3) feudalism. (4) socialism. (5) syndicalism
When the quantity of SCUBA lessons demanded by Hawaiian tourist’s increases from 800 to 1,000 weekly and if the price drops/falls from $30 to $20 per session, by using the arc elasticity formula, the price elasticity of demand will be: (i) 5.555
While a price hike yields a decline within total revenue, in that case the demand faced through the producing firm: (w) relatively elastic. (x) relatively inelastic. (y) unitarily elastic. (z) inferior. Can anybody
I have a problem in economics on Competitive equilibrium in competitive labor markets. Please help me in the following question. The Competitive equilibrium in competitive labor markets need: (1) P = MR = AVC. (2) VMP - P is maximized. (3) MPP = P. (4
In the year of 1983, the Reagan Administration introduced a new agricultural program known as the Payment-in-Kind Program. To distinguish how the program worked, let's assume the wheat market. Assume the demand function is QD = 28 - 2P and the supp
Can someone please help me in finding out the accurate answer from the following question. The labor monopsonist will hire labor up to the point where marginal: (i) Revenue product of the labor equivalents the wage. (ii) Resource c
A monopolist will shut down during the short run when its equilibrium price as: (w) equals short-run average cost. (x) exceeds marginal cost. (y) is less than average variable cost. (z) is less than average fixed cost. Q : Higher value for the Gini index A A higher value for Gini index tends to be related with: (w) decreases in the equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth (y) reduced overall curvature of the Lorenz c
A higher value for Gini index tends to be related with: (w) decreases in the equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth (y) reduced overall curvature of the Lorenz c
Can someone please help me in finding out the accurate answer from the following question. The production which modifies the chemical or physical structures of a good produces utilities of: (1) Substance. (2) Place and time. (3) Form. (4) Possession.
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