--%>

Biography-Thorstein Veblen

The thought that the desire of people to purchase goods is culturally recognized as opposed to the price determined is the vision of: (i) Irving Fisher. (ii) Karl Marx. (iii) Thorstein Veblen. (iv) Ludwig von Mises. (v) Antoine Augustin.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Short-run equilibrium and long run

    When a purely competitive industry is within equilibrium as well as all firms in the industry are operating along with economies of scale, in that case the industry is in: (w) long-run and short-run equilibrium. (x) short-run equilibrium and long run

  • Q : Total costs of profit-maximizing lumber

    This profit-maximizing lumber mill incurs total costs of approximately: (a) $2200 per day. (b) $3300 per day. (c) $4200 per day. (d) $5200 per day (e) $6200 per day.

    Q : Problem on Labor History-Yellow Dog

    The yellow dog contracts are now proscribed, however in the early 20th century such agreements among employers: (i) Not to purchase intermediate goods made by unionized labor hindered labor market transformations. (ii) And workers stating that the workers would not jo

  • Q : Horizontal sum of the quantities in

    The short-run supply curve for a purely competitive industry is the horizontal total of the: (a) quantities demanded by consumers at each price. (b) prices charged by individual firms for each quantity supplied. (c) quantities supplied by established

  • Q : Change in prices after short run demands

    Can someone please help me in finding out the accurate answer from the following question. The changes in gasoline prices do not change short-run demands for (1) Bigger versus smaller cars. (2) Gasoline. (3) Alternative forms of the transportation. (4) Batteries, Tire

  • Q : Average retail price and the consumer

    Table illustrates the average retail price of milk and the Consumer Price Index from the year 1980 to 1998.

    Q : Price discriminate for maximizing profit

    Monsieur Cournot has a monopoly on an artesian well from that flows tasty spring water reputed to have medicinal properties. To ignore incurring variable costs, he is adamants that customers bring their own pails and also fill them in

  • Q : Perspective of Society with Economic

    By the perspective of society as an entire, in that case land resources are: (w) variable in supply. (x) perfectly elastically supplied. (y) the closest of all resources to generators of pure economic rents. (z) increased through cultivating previousl

  • Q : Value of a product according place I

    I have a problem in economics on Value of a product according place. Please help me in the following question. The ice has a higher price in Texas, Dallas than Anchorage and Alaska. The raised value of the ice is due to its changing: (i) Form. (ii) Po

  • Q : Define primary deficit Primary deficit

    Primary deficit: Primary deficit is the difference among fiscal deficit and interest payments prepared by the government Primary deficit = Fiscal deficit – Interest payments