Define consumption function
Consumption function: The relationship among income and consumption is termed as consumption function.
Copyright laws are least helpful in protecting the work of people who generate original: (i) lyrics and music. (ii) films. (iii) computer code. (iv) scientific theories. (v) poems or novels. How can I solve my Economics
At the highest average rate an excise tax will tax low incomes while: (1) only luxuries are taxed. (2) goods along with the highest income elasticity of demand are exempt. (3) goods along with the lowest income elasticity of demand are exempt. (4) no
Rising economic profits within a competitive market do NOT produce pressures for: (i) expansions of existing firms. (ii) entry by new firms. (iii) price hikes. (iv) increases in costs for specialized resources. (v) ultimate erosion of
The idea which harsher and more certain punishment decreases cheating on examinations recommends that: (i) Normative values must guide the positive economics. (ii) Student honesty has refused in recent years. (iii) Macroeconomic reasoning as well applies to microecono
Can someone please help me in finding out the accurate answer from the following question. The synonymous words of marginal factor costs or marginal resource costs signify to the: (i) Cost incurred in generating an extra unit of capital. (ii) Cost to the resource owne
Purely competitive equilibrium, in long-run firms normally experience positive accounting profit and economic profit which is: (w) also positive, but smaller. (x) zero. (y) negative, but barely that why. (z) either positive, zero, or negative.
The theory of market structure which several microeconomic game theorists were ready to toss within the dustbin of intellectual history into the 1970 year but that, in the early 1980s, turned into a foundation for the “new&rdquo
DVD sales are most probably to rise over the long run when the: (w) supply of live entertainment rises. (x) government imposes stiff taxes upon video tapes. (y) technology carries on to advance. (z) prices of theater tickets fall.
Propensity to consume: This exhibits the level of consumption at various levels of income in the economy.
The summation of monopolistic exploitation across all the workers tends to raise however a firm as well operates at a more communally and economically proficient level of output and employment whenever the firm is capable to engage in: (i) Black-listing in its dealing
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