Centers for production in circular flow model

I have a problem in economics on Centers for production in circular flow model. Please help me in the following question. The centers for production in a circular flow model are termed as: (1) Households. (2) Public enterprises. (3) Business firms. (4) Facilities.

What is the most precise answer?

View Complete Question

Related Questions in Microeconomics

Q : Calculate of total variable in an area

Total variable costs can be estimate as: (1) 0bcq1. (2) 0adq2. (3) 0Peq2. (4) aPed. (5) Cannot be measured within demonstrated figure.

Q : Monopolist in the product market Can

Can someone please help me in finding out the accurate answer from the following question. For a monopolist in a product market, the value of marginal product of the labor: (i) Equivalents the marginal revenue product of the labor

Q : Elasticity of demand curve In which

In which form of market, the demand curve is more elastic and why? Answer: Demand curve is more elastic under monopolistic since of the availability of close substitute.

Q : Absolute value of the proportional

The absolute value of proportional change within labor hired divided through a proportional change within the wage rate is termed as the: (w) income/substitution coefficient. (x) employment wage response. (y) labor force participation rate. (z) elasti

Q : Nondiscriminating monopolists in short

Within short run equilibrium, there nondiscriminating monopolists will: (w) charge prices greater than their marginal costs. (x) produce outputs which maximize social welfare. (y) produce where their total revenues are maximized. (z)

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

Q : Rule of thumb for office rent Is there

Is there any rule of thumb for office rent or on lease per gross income? If yes, then explain?

Q : Reason why giant corporations dominate

John Kenneth Galbraith refuses theories which suppose profit maximization in competitive markets. According to him, the big corporations dominate the economic activity as: (1) Corporate managers look for maximum gains for stockholders. (2) Government policies are mani

Q : Perfectly price elasticity of supply

The supply of textile employees in China is possibly most like the perfectly price elastic supply curve within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Q : Relative Prices-Rational consumer I

I have a problem in economics on Relative Prices-Rational consumer. Please help me in the following question. The rational consumer buying decisions based on: (1) Present prices. (2) Absolute prices. (3) Nominal prices. (4) Relative prices.

Discover Q & A

Leading Solution Library

Avail More Than 1445073 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1948874
Asked

3,689

Active Tutors

1445073

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment