Define abnormal profit
Abnormal profit: It is the gain earned over and above the normal profit.
For a purely competitive industry a market-period supply curve would be: (i) curve A. (ii) curve B. (iii) curve C. (iv) curve D. (v) curve E. Q : Price elasticity of demand I have a I have a problem related to price elasticity of demand. The question is illustrated as "After the price of movie tickets rose, I spent less money on movie tickets." What can you infer regarding my price elasticity of demand?
I have a problem related to price elasticity of demand. The question is illustrated as "After the price of movie tickets rose, I spent less money on movie tickets." What can you infer regarding my price elasticity of demand?
Can someone help me in finding out the right answer from the given options? The lack of competition in the product market outcomes in: (p) Less labor being appointed than if the markets were competitive. (q) More labor being hired than if the markets were competitive.
Can someone help me in finding out the right answer from the given options. The possible consequences of a rise in union wages comprise reduced: (1) Union employment and a refusal in non-union wages. (2) Shares of national income to the labor however growth of union e
Barter system: It is the Exchange of goods for goods is termed as barter system.
Government tax revenue would raise most from a specified tax when the good taxed contain a relatively: (w) price elastic demand. (x) price inelastic demand. (y) unitary price elastic demand. (z) flatter demand curve. Q : What is Marginal physical product Marginal physical product: It refers to the addition build to the total product.
Marginal physical product: It refers to the addition build to the total product.
The present value of $1000 two years by now is: (w) $1000. (x) greater than $1000. (y) less than the present value of $1000 one year by currently. (z) $1,210. Hey friends please give your opinion for the problem of Economics that i
In calculating the GDP national income accountants
Government payments generally provided into European nations which are roughly sufficient to feed and clothe each child within a family are parts of programs termed as: (w) Family Allowance Plans [FAPs]. (x) negative income taxes [NITs]. (y) indigent subsidy plans [IS
18,76,764
1940022 Asked
3,689
Active Tutors
1417593
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!