decreasing marginal returns and negative marginal returns
What is the difference between decreasing marginal returns and negative marginal returns?
Within the long run, a monopoly cannot continually produce economic profit unless: (w) economies of scale are important. (x) corporate taxes are lowered. (y) barriers to entry are significant. (z) the monopolist maximizes profit.
Evaluate which one is not correct? A typical production possibilities curve: A) indicates how much of two products a society can produce. B) reveals how much each additional unit of one product will cost in terms of the other product. C) specifies how much of each pro
Before the national welfare reform of 1996s, where Aid to Families with Dependent Children [AFDC]: (w) was the principal government program intended to alleviate poverty. (x) was exempt from any form of taxation. (y) generated pressur
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
Imperfect data: Most studies start with imperfect data. Few datasets involve the entire population of interest. Typically, the data has been gathered by others for specific purposes, and as such may have built in b
This brickyard is incurring total fixed costs which average about: (1) $200 daily. (2) $300 daily. (3) $400 daily. (4) $500 daily (5) $600 daily. Q : Competitive theory of prices Normal 0 Normal 0 false false
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State the meaning of Inflationary Gap: This refers to the amount by which the real aggregate demand exceeds the level of aggregate demand needed to establish full employment equilibrium.
When this firm is typical in this purely competitive market, in that case long-run equilibrium for Christmas trees will be reached at a market price is of: (1) P1. (2) P2. (3) P3. (4)
Fiscal deficit is equavalent to excess of total expenditure over the sum of revenue and capital receipts excluding borrowings. That is, Fiscal deficit means borrowing of the government. Fiscal Deficit :T
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