Competitive theory of prices
There is a short period perfectly competitive theory of prices although not a long period perfectly competitive theory of prices. Is this because the reason that in the long period we are dead? Discuss it out.
Income elasticity of demand: Income elasticity of demand is the degree of receptiveness of demand to the modification in income. Q : Difficulty of competitive firms to Competitive firms determine this difficult to exploit consumers as: (w) consumer boycotts generate bad publicity. (x) market distributions of products are uniformly fair. (y) government price ceilings equivalent opportunity costs. (z) prices that exceed costs attract
Competitive firms determine this difficult to exploit consumers as: (w) consumer boycotts generate bad publicity. (x) market distributions of products are uniformly fair. (y) government price ceilings equivalent opportunity costs. (z) prices that exceed costs attract
Effects of price ceiling: The consequences of price ceiling might be: A) Scarcity of the commodity B) The government might oblige rationing that is, supply of goods in limited q
Refer to the following diagram. If line b represents the pretax and transfer distribution of income in the United States, we would expect the post-tax and transfer distribution to be: A) line a. B) line b, because taxes and transfers have no effect on income distribut
A huge firm which slashes prices to drive smaller competitors out of business, and after that raises prices due to its enhanced market power is pursuing a strategy of: (1) predatory pricing. (2) cut-throat competition. (3) price discrimination. (4) ma
Exit from a competitive industry will carry on till economic: (w) losses are driven to zero. (x) profits precisely offset accounting losses. (y) profit exceeds accounting profit. (z) resources have minimum incomes.
Market interest rates are LEAST affected through: (w) people’s willingness to defer consumption when they are rewarded for doing so. (x) people’s desires for liquidity. (y) the marginal productivity of new capital relative to its price. (z
Equity of fairness is an ambiguous idea, in part since people’s personal qualities can vary greatly. Conversely, that policymakers should treat people equally when they are roughly identical in the characteristics thought relevant for government policies is exte
When the rate of return on investment equals the interest rate, in that case investment will: (w) rise. (x) fall. (y) not change. (z) Any of the above is possible. Hey friends please give your opin
For a purely competitive industry a market-period supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E. Discover Q & A Leading Solution Library Avail More Than 1423958 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1936028 Asked 3,689 Active Tutors 1423958 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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