decreasing marginal returns and negative marginal returns
What is the difference between decreasing marginal returns and negative marginal returns?
Policies which raise the overall demand for labor and maintain unemployment rates low are: (w) significant for the success of any other programs to reduce poverty. (x) sufficient measures to reduce the incidence of poverty. (y) not relevant to the suc
The law of supply is graphically exhibited by the supply curve which is: (1) Moving all along the demand curve. (2) Vertical. (3) Upward-sloping. (4) Downward-sloping. Can someone please help me in finding out the
Brands of ready-to-eat cereal by Kellogg, Post, General Mills and Quaker [for example Frosted Flakes, Raisin Bran and Cheerios] account for more 85 percent of all breakfast cereals sold. Here the ready-to-eat cereal industry is an illustration of: (w)
If the nominal wages of carpenters rose by 5 percent in the year of 2000 and the price level increased by 3 percent, then the real wages of carpenters: A) decreased by 2 percent. B) increased by 2 percent. C) increased by 3 percent. D) increased by 8 percent.
I have a problem in economics on Problem on Categories of Goods. Please help me in the following question. The produced tangible good is termed as a: (i) Consumable. (ii) Service. (iii) Commodity. (iv) Utility. Sel
The Outlaw Scooter Club bought 170 motor scooters while the price was $875 every, but ordered only 30 while the price soared to $2,125. Then for scooters group's price elasticity of demand is: (i) 0.42. (ii) 3.36. (iii) 0.84. (iv) 1.68. (v) 4.20.
A member of a cartel would be probably to increase its profits by: (1) undercutting the prices of other cartel members when this did not get caught. (2) setting its price above which of other cartel members. (3) aggressive nonprice marketing promotion
Direct taxes: Whenever the liability to pay tax and the burden of that tax fall on similar person, it is termed as direct tax. Illustrations are: wealth tax, income tax, corporation tax, gift tax and so on.
I have a problem in economics on Marginalism- Economists believe in rational decisions. Please help me in the following question. Economists believe that the rational decisions are generally made: (i) At margin. (ii) On an average. (iii) Based on tota
Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.
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