consumer behaviour
Graphical representation of relationship between MPC and multiplier?
A firm would raise profits when it: (w) decreased output when MR > MC. (x) expanded output while MR > MC. (y) increased output when MC > MR. (z) shut down since MR = MC. Hello guys I want your advice. Plea
When the resource market shown in this illustrated figure is initially within equilibrium along with demand curve D0: (w) owners of these resources currently receive no economic rents. (x) economic rent is specified by area
In the market economies, resources are finally owned by the: (i) Corporations which dominate the economic activity. (ii) Proprietorships and partnerships. (iii) Business firms collectively. (iv) Individual house-holds. (v) Government acting as the social trustee.
Declines within the international price of oil would be probably to cause the: (w) wages of bicycle factory workers to raise. (x) demand for automobiles to decrease. (y) incomes of geologists and petroleum engineers to fall. (z) price of home insulati
Normal goods: Normal goods are such goods whose demand increases with the increase in income of consumer.
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I have a problem in economics on market demand curve. Please help me in the following question. The market demand can be obtained via the: (1) Summation of all the quantities demanded whenever market is in equilibrium. (2) Vertical summation of each a
Describe how technological advancement influence the supply of specific product.
The one-year old car tends to sell for much less than the brand latest car. A part of the reason is that: (i) Sellers and buyers have similar information regarding used cars as they do latest cars. (ii) Buyers and sellers both encompass more information regarding new
How is a shift in demand reflected in a demand equation? How is a shift in supply reflected in a supply equation? How is a movement along a demand (supply) curve reflected in a demand (supply) equation?
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