Competitive market
Select the right answer of the question. A competitive market will: A) achieve an equilibrium price. B) produce shortages. C) produce surpluses. D) create disorder.
A purely competitive firm faces a demand curve which is: (1) perfectly inelastic. (2) upward sloping. (3) perfectly elastic. (4) a vertical line. (5) downward sloping. Can anybody suggest me the proper explanation
Can the charting of past prices be used to predict future prices?
Describe the implication of freedom of entry and exit to the firms beneath perfect competition.
A monopolist operates in two separated markets. The inverse demand functions ofthose markets are given by and where arethe quantities supplied to these markets, respectively. The total cost function facedby the monopolist is &nbs
The resource probably to conform to the supply curve demonstrated in this figure would be: (1) housing. (2) capital. (3) labor. (4) land. (5) entrepreneurship. Q : Present Value of an Asset The present The present value of an asset refers to the: (w) consumer surplus derived from the asset throughout the current period. (x) value today of any expected income payments related with owning the asset. (y) economic rent realized after paying the market p
The present value of an asset refers to the: (w) consumer surplus derived from the asset throughout the current period. (x) value today of any expected income payments related with owning the asset. (y) economic rent realized after paying the market p
An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed? Answer: Inferior good
The two policies that most likely account for most of the trend toward greater income equality during 1929 and 1975 are: (w) improved educational opportunities, and tax and transfer policies. (x) reduced sex discrimination and public availability of b
The concept that people must have income in proportion to their productivity is termed as the: (1) equality standard of distribution. (2) productivity standard of distribution. (3) needs standard of distribution. (4) utility standard
I have a problem in economics on Economies of Scope exploitation. Please help me in the following question. A retailer providing multiple lines of clothes in a mall is attempting to exploit the economies of: (i) Scope. (ii) Structure. (iii) Scale. (iv) Information. (v
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