Define deficient demand
Deficient demand: If AD < AS at full employment level, then it is defined as deficient demand.
See a monopolist which cannot price discriminate but that maximizes profit. When this firm produces the level of output where is average cost at its minimum that will charge a price: (i) equal to marginal cost and generate zero economic profit. (ii) e
Can someone help me in finding out the right answer from the given options. Dissimilar to a purely competitive hirer of labor, the firm with monopsony power can: (i) Both set any wage it wishes and hire as many workers as it desire
Revenue deficit in government budget: Whenever the revenue expenses of the government is more than the revenue receipts it is termed as revenue deficit Revenue expenditure > Revenue receipts
The short-run supply curve for a purely competitive industry is the horizontal total of the: (a) quantities demanded by consumers at each price. (b) prices charged by individual firms for each quantity supplied. (c) quantities supplied by established
Give the best advantages of free market economy?
Imperfectly competitive firms protected by important barriers to entry are as: (1) assured of positive accounting profits in the short run. (2) almost certain to succeed in collusively fixing prices at high levels. (3) assured of positive economic pro
The arc elasticity of demand of Ajax for labor in between point b and point c is approximately: (1) 0.30. (2) 0.60. (3) 0.90. (4) one. (5) two. Q : Explain about marginal revenue Marginal Marginal revenue is: (w) similar as price for a purely competitive firm. (x) defined as the change in total revenue while an additional good is sold. (y) always equated to MC when a firm wants to maximize profits. (z) all of the above. Q : Labor Productivity The American workers The American workers tend to be much productive than their counterparts in the South America or Asia in part as they have: (i) Superior natural genetic endowments. (ii) Access to the better sports programming, that promotes the team-work. (iii) More capital to work wi
Marginal revenue is: (w) similar as price for a purely competitive firm. (x) defined as the change in total revenue while an additional good is sold. (y) always equated to MC when a firm wants to maximize profits. (z) all of the above. Q : Labor Productivity The American workers The American workers tend to be much productive than their counterparts in the South America or Asia in part as they have: (i) Superior natural genetic endowments. (ii) Access to the better sports programming, that promotes the team-work. (iii) More capital to work wi
The American workers tend to be much productive than their counterparts in the South America or Asia in part as they have: (i) Superior natural genetic endowments. (ii) Access to the better sports programming, that promotes the team-work. (iii) More capital to work wi
Can someone help me in finding out the right answer from the given options. In the equilibrium for a price maker firm, the rate of monopolistic exploitation is any difference among: (i) P and MR. (ii) P and MC. (iii) VMP and MRP. (iv) Output price and rate of monopson
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