Computing economic profit
To compute the economic profit, it is essential to know the opportunity cost of: (i) Capital. (ii) Land. (iii) Labor. (iv) All the productive resources. Can someone please help me in finding out the accurate answer from the above options.
To compute the economic profit, it is essential to know the opportunity cost of: (i) Capital. (ii) Land. (iii) Labor. (iv) All the productive resources.
Can someone please help me in finding out the accurate answer from the above options.
I have a problem in economics on Problem concerning Exploitation. Please help me in the given question. Whenever resource suppliers are salaried less than the values of their marginal products [or VMPs], then they are stated to be: (p) Monopsonistic. (q) Monopolistic.
The official “poverty line” computed by the federal government is the income level needed to meet the perceived fundamental needs of families along with differing characteristics as size, location, etc. Therefore, it is based on: (1) a rel
After Babble-On’s patents lapsed and entry and exit turned into possible in this illustrated figure of market, in the long run Babble-On would be expected to: (i) continue to reap economic profits. (ii) break even and experience zero economic pr
The rate of return on financial assets tends to be negatively associated to: (w) probability of default. (x) liquidity. (y) risk. (z) time to maturity. Please guys help to solve this problem of Economics
To minimize short-run losses, then a firm’s revenue should at least cover its short-run total as: (w) explicit costs. (x) fixed costs. (y) variable costs. (z) implicit costs. Hey friends please give your opin
Suppose an excise tax is imposed on product X. We would expect this tax to: A) increase the demand for complementary good Y and decrease the demand for substitute product Z. B) decrease the demand for complementary good Y and increase the demand for substitute product
A shortage as in below graph, during this market for papayas would match up to line: (1) ab. (2) cd. (3) ac. (4) bd. (5) ae. Q : Theory of production and cost in long In the theory of cost and production, the long run is the period: (i) Of 1-year or longer. (ii) Of 5-years or longer. (iii) In which we all are dead. (iv) Permitting the capacity to wholly adjust. Can someone pleas
In the theory of cost and production, the long run is the period: (i) Of 1-year or longer. (ii) Of 5-years or longer. (iii) In which we all are dead. (iv) Permitting the capacity to wholly adjust. Can someone pleas
Monopolistic competition is NOT described by: (1) P = MSC. (2) large numbers of sellers. (3) P = LRATC. (4) MR = MC. (5) differentiated products. Hey friends please give your opinion for the problem of Econ
What are the causes for diminishing returns to factor? Answer: 1) Over utilization of
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