Cost which is zero
Which cost might there if output is zero? Answer: Fixed cost
Which cost might there if output is zero?
Answer: Fixed cost
is the price in the law of demand an absolute price or a relative price
Market supply: It refers to the sum of all outputs of all producers of a good at a price throughout a given time period.
For a monopsonist in the labor market, the marginal resource cost of labor is:
Pure economic profits do not arise due to: (w) monopoly power. (x) capital owners’ receipts of normal accounting returns to investment. (y) risk and uncertainty. (z) entrepreneurial innovation. How can I solv
Describe what do you mean by the term Yield to Maturity?
When line 0C0' in this figure shows the current Lorenz curve for the U.S. distribution of income after taxes and transfers, the probably short run outcomes of 10 percent cuts into both income tax rates and government transfer
The Implicit costs are: (i) The opportunity costs of resources contributed by the firm’s owner. (ii) Costs that need a cash outlay. (iii) Usually comprised in the computation of accounting profit. (iv) Fictional costs which do not influence the
Describe the causes of Increase in demand?Answer: 1) Increase in income of the consumer.2) Price of substitute goods increase.3)
The positively sloped supply curves exhibit relationships which: (1) Follow from law of demand. (2) Are positive between quantity supplied and price. (3) Are negative between price and the quantity sold. (4) Exist for services however not goods.
I can't able to discover the solution of this question .Help me to get answer of this question so that I can complete my assignment. Why is the factor input demand functions utilized to construct cost functions?
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