consumer behaviour
Graphical representation of relationship between MPC and multiplier?
Monopolies tend to shut down in the short run when: (1) price is less than the minimum of average total costs [ATC]. (2) price cannot cover all overhead costs. (3) potential revenue cannot cover total variable costs. (4) total costs exceed total reven
Why Features of monopolistic competition is monopolist in nature? Answer: (a) Control over price (b) Downward sloping demand curve
Unlike the competitive employers, profit-maximizing firms with the monopsony power will: (1) Set any salary they want and hire as lots of workers as they want. (2) Make any amount and charge any price they desire for output. (3) Be expected to try to make the most of
The owner of a city centre car park desires to know the best price to charge for parking throughout office hours on weekdays. On a usual weekday, the car park is at present only half full.
why demand change of onion in during one week due to change in it's price
Marginal propensity to consume: It is stated as the measure of rate at which the aggregate consumption expenditure changes as the national income changes. MPC= C/Y
hello how to make system analysis of work
The value of services and commodities is frequently decomposed into value in: (1) Dollars and value in Euros. (2) Absolute value and prices in relative prices. (3) House-holds and value in organizations. (4) Utilization and value in exchange.
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
In an economy 75% of increase in income is spent on the consumption. Investment raised by Rs. 1000 Crore. Compute: (A) Total increase in income(B) Total increase in consumption expenditure
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