Define deficient demand
Deficient demand: If AD < AS at full employment level, then it is defined as deficient demand.
When this firm is a typical pure competitor within this industry as in demonstrated figure, then the firm is: (i) making normal accounting profit. (ii) making zero economic profit. (iii) breaking even. (iv) into an industry within long run equilibrium
The price elasticity of supply in given grph is infinite therefore supply is perfectly price elastic within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Perpetuities with fixed amount of money A security which promises to pay a fixed amount of money annually till the issuer purchases this from an owner is termed as a: (i) present value. (ii) future value. (iii) perpetuity. (iv) residual. (v) trust fund.
A security which promises to pay a fixed amount of money annually till the issuer purchases this from an owner is termed as a: (i) present value. (ii) future value. (iii) perpetuity. (iv) residual. (v) trust fund.
I have a problem in economics on Cost of inputs in Determinants of demand. Please help me in the following question. The entire given are determinants of demand apart from. (i) Taxes and preferences. (ii) The cost of inputs. (iii) Price expectations.
The Christmas tree farm’s short-run shut-down point arises at a price of: (i) P1. (ii) P2. (iii) P3. (iv) P4. (v) Not computable from these figures. Q : Categorizing goods into intermediate Describe the basis of categorizing goods into intermediate and final goods. Give appropriate illustrations.
Describe the basis of categorizing goods into intermediate and final goods. Give appropriate illustrations.
When technological advances boost market supply and total revenue both within an industry, in that case: (w) demand is relatively price elastic. (x) the industry is dominated by a monopoly. (y) patenting technological advances ensures
When the resource market shown in this illustrated figure is initially within equilibrium along with demand curve D0: (w) owners of these resources currently receive no economic rents. (x) economic rent is specified by area
I am facing difficulty in this question .Provide me correct answer of this question to complete my assignment. Why? Neoclassical production theory contains marginal products and heterodox production theory does not.
When a monopolist raises price, it: (w) always increases its revenue. (x) always reduces its revenues. (y) doesn't influence its revenue. (z) may increase, decrease, or not change total revenue. I need a good answe
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