Compare average household income
How you compare the average household income of the different countries?
Expert
For the best answer of this question it is best to look at median household income . Median household income signifies the statistical mid-point, with half of all households making more and half making less.
For the developed nations, median household income figures range from $30,000 to $55,000. For US states median household income figures range from $32,000 to $57,000. Overall, median household income levels among developed nations are similar to those found among US states.
The form of elasticity which economists commonly state like an absolute value since this is classically negative is the: (1) price elasticity of supply. (2) income elasticity of demand. (3) price-cross elasticity of supply. (4) price-
Can someone please help me in finding out the accurate answer from the following question. Whenever unions and managements have failed to arrive at a collective bargaining agreement and management closes the production facilities to exert pressure on the union negotia
The theory of monopolistic competition was developed through: (1) Alfred Marshall. (2) John Maynard Keynes. (3) Joseph Schumpeter. (4) Edward Chamberlin. (5) Antoine Augustin Cournot. Please choose the right answer
Can someone help me in finding out the right answer from the given options. In the equilibrium for a price maker firm, the rate of monopolistic exploitation is any difference among: (i) P and MR. (ii) P and MC. (iii) VMP and MRP. (iv) Output price and rate of monopson
Boosting minimum wage laws from $5 to $8 per hour is LEAST probable to: (w) give some unskilled workers with higher incomes. (x) cause some low-wage workers to lose their jobs. (y) raise friendship like a basis for employment. (z) decrease unemploymen
Marginal revenue is below average revenue as [TR/Q] for a firm along with market power since: (w) the demand curve this faces is negatively sloped. (x) its supply curve is relatively inelastic. (y) marginal cost is be
The short-run shutdown price arises where price: (w) equals AFC at the minimum. (x) is below ATC and above AVC. (y) equals AVC at its minimum point. (z) is above MR. Hey friends please give your opinion for the pro
When the price falls along such demand curve for pizza, in that case total revenue: (w) falls. (x) rises, then falls. (y) rises. (z) does not change. Q : Marginal revenue curve A monopolist A monopolist which does not price discriminate has a marginal revenue curve which slopes down faster than does the demand curve the monopolist faces since: (1) economies of scale are significant. (2) selling more requires lowering the
A monopolist which does not price discriminate has a marginal revenue curve which slopes down faster than does the demand curve the monopolist faces since: (1) economies of scale are significant. (2) selling more requires lowering the
When this monopolistic competitor makes Q units: (1) P > MC. (2) MR = MC. (3) total revenue total cost is maximized. (4) MSB > MSC. (5) All of the above. Discover Q & A Leading Solution Library Avail More Than 1441553 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1941883 Asked 3,689 Active Tutors 1441553 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1941883 Asked
3,689
Active Tutors
1441553
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!