Define consumption function
Consumption function: The relationship among income and consumption is termed as consumption function.
Sticky prices within oligopoly markets are: (w) predicted by the kinked demand curve model. (x) substantiated by many statistical studies. (y) most common for highly differentiated products. (z) a result of price discrimination. Q : Specific market price The difference The difference among maximum amount which consumers would willingly pay for a particular quantity of a good and the amount they really pay at a specific market price is termed as: (i) Discount rate. (ii) Mark-up factor. (iii) Familial gains. (iv) Hous
The difference among maximum amount which consumers would willingly pay for a particular quantity of a good and the amount they really pay at a specific market price is termed as: (i) Discount rate. (ii) Mark-up factor. (iii) Familial gains. (iv) Hous
The year in that a long-run trend towards greater equality within the U.S. income distribution was reversed, therefore income since then has become less equally distributed, it was roughly: (w) 1945. (x) 1960. (y) 1975. (z) 1990. Q : Business strategies in market Assume Assume that technological advances considerably lower costs for Honda. Hence which of the given statements is true: (w) when Honda lowers prices, rivals will rightfully accuse the firm of predatory pricing (x) when Honda raises prices, rivals will rightfully accuse th
Assume that technological advances considerably lower costs for Honda. Hence which of the given statements is true: (w) when Honda lowers prices, rivals will rightfully accuse the firm of predatory pricing (x) when Honda raises prices, rivals will rightfully accuse th
Critics of the straightforward limit pricing strategy argue about that: (w) sunk costs are not important in deterring entry. (x) for limit pricing to work, there should be a credible threat to keep old output levels. (y) this is rational to expect the
Give the answer of following question. Price exceeds marginal revenue for the pure monopolist because the: A) law of diminishing returns is inapplicable. B) demand curve is downsloping. C) monopolist produces a smaller output than would a purely competitive firm. D) d
Medicare, rent subsidies, Medicaid, and food stamps are examples of: (w) transfers in-kind. (x) cash transfers. (y) human capital programs. (z) negative income taxes. Can anybody suggest me the proper explanation for given problem
When milk prices increase from $2 to $3 per gallon and sales fall by 600,000 gallons to 400,000 gallons monthly, then demand for milk is: (w) relatively price elastic. (x) unitarily price elasticity. (y) a 45 degree, negatively sloped
Individual pure competitive firms as well as firms along with market power may each be capable to: (i) reduce average total costs by increasing the size of its operations or economies of scale else decreasing the size of its operations [as diseconomie
When a price hike for regular gas from $2.00 to $2.20 reduces quantity demanded from 20 million gallons to 19 million gallons daily, and an raise in the price of premium gas from $3.00 to $3.20 decreases its quantity demanded daily from 20 million gal
18,76,764
1926129 Asked
3,689
Active Tutors
1457289
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!