Consideration of positive statement
Choose the right answer . A positive statement is concerned with: A) some goal that is desirable to society. B) what should be. C) what is. D) the formulation of economic policy.
I have a problem in economics on Short Run-input of firms cannot be changed. Please help me in the following question. In short run, the firm: (i) Can change any input. (ii) Can’t change any input. (iii) Cannot change the output. (iv) Has at lea
All of the given might causes labor markets to be non-competitive except: (i) Backward bending labor supply curves. (ii) Unions and employer trade associations. (iii) Monopolistic power exercised by the firm. (iv) Monopsonistic power exercised by the
I have a problem in economics on Union-Nonunion Wage Differentials. Please help me in the following question. All else equivalent, when employment in an industry raises, the average wage differential gap among union and non-union workers: (1) Narrows.
Give me answer of this question. Which of the following arguments comes closest to constituting a legitimate economic exception to the case for free trade? A) the increase-domestic-employment argument B) the cheap-foreign-labor argument C) the diversification-for-st
In this kinked demand curve model as in given graph, when this firm operated at point a and lowered its price by P2 to P1 and other firms in the industry also lower prices, in that case this firm will move from point a to: (w) po
From society’s point of view, an optimal market solution is attained while: (w) everyone’s income is equal. (x) all goods are given in the economy. (y) marginal social costs only equal marginal social benefits. (z) consumer surplus equals
In short run, the increase in supply takes place whenever the: (1) Supply curve shifts upward and to left. (2) Preferences of consumers change in a positive direction. (3) Market price raise. (4) Amounts producers make accessible rise at each and every price. (5) Publ
firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect? Explain.
The firm's objective within price discrimination is to: (w) make the community better off economically. (x) make several consumers better off economically. (y) increase revenue and profit. (z) minimize average cost. Q : Illustration of Shirking Can someone Can someone please help me in finding out the accurate answer from the following question. Jones, a computer programmer, plays computer games all day rather than doing his work. This is an illustration of: (i) Moral turpitude. (ii) Inefficiency salaries. (iii) Shirkin
Can someone please help me in finding out the accurate answer from the following question. Jones, a computer programmer, plays computer games all day rather than doing his work. This is an illustration of: (i) Moral turpitude. (ii) Inefficiency salaries. (iii) Shirkin
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