Define break-even price
Break-even price: This is the price at which firms form zero normal profit.
When the interest rate is 10 percent yearly and government analysts discount the future benefits by a public project at 5 percent per year, then there will be an overstatement of the: (w) present value of the future benefits. (x) present value of aver
Elucidate the circular flow of Income in two sector model. Answer: There are just two sectors namely: Firms and households. Households give factor services to the fi
What do you mean by a social welfare function? If you assume that such a function exists, what properties of social optima would be considered by you? Discuss such properties.
Consumption function: The relationship among income and consumption is termed as consumption function.
When all bonds are perpetuities which annually pay $1000 (the sum of one thousand and 00/100 dollars) per annum, at an interest rate of 10 percent, the price of these bonds is: (1) $4000. (2) $5000. (3) $6250. (4) $8000. (5) $10,000.<
The assumption about buyers and sellers has good market information makes sure that they: (w) know everything. (x) never make errors. (y) can foretell the future. (z) won’t pay more than they have to, or sell for less than the market price.
In 2005 year, the proportion of American sub-populations along with family incomes below the official poverty line was maximum for individuals: (1) 0 to 10 years old. (2) 11 to 25 years old. (3) 26 to 45 years old. (4) 46 to 65 years old. (5) more tha
Shortages take place whenever the market price: (1) Most greatly surpasses the average person’s demand price. (2) Is above the usual seller’s supply price. (3) Equivalents production costs plus the maximum possible gain. (4) Lies beneath t
Kiley pays $1.00 for the cold Pepsi on a hot afternoon, however would be willing to pay $5.00. The $4.00 difference in such amounts is her: (i) Consumer surplus. (ii) Income effect. (iii) Economic gain. (iv) Marginal utility. (v) Pleasure coefficient. Q : Definition of Collective Bargaining The The procedure in which employers and unions agree to labor contracts which govern work arrangements is termed as: (i) Arbitration. (ii) Codependency. (iii) Bilateral monopoly. (iv) Joint profit maximization. (v) Collective bargaining. Discover Q & A Leading Solution Library Avail More Than 1437069 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959907 Asked 3,689 Active Tutors 1437069 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
The procedure in which employers and unions agree to labor contracts which govern work arrangements is termed as: (i) Arbitration. (ii) Codependency. (iii) Bilateral monopoly. (iv) Joint profit maximization. (v) Collective bargaining. Discover Q & A Leading Solution Library Avail More Than 1437069 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1959907 Asked 3,689 Active Tutors 1437069 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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