Define deficient demand
Deficient demand: If AD < AS at full employment level, then it is defined as deficient demand.
The supposition that a ‘felicific calculation’ gives a proficient guide for fitting punishment to the crime committed is an integral portion of: (1) Gresham’s Law that ‘Bad will drive out Good’. (2) Jeremy Bentham’s utilitarianism.
When you hold a bond if the interest rate rises, you will: (w) have less money when you sell it. (x) receive more interest income. (y) gain by shifting funds to the stock market. (z) eventually spend more and save more. Q : Equilibrium price in the short run The The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4. Q : Cost which is zero Which cost might Which cost might there if output is zero? Answer: Fixed cost
The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4. Q : Cost which is zero Which cost might Which cost might there if output is zero? Answer: Fixed cost
Which cost might there if output is zero? Answer: Fixed cost
A purely competitive firm adjusts production therefore its marginal costs equivalent the market price, thus: (w) minimizing losses or maximizing profit. (x) ensuring that total costs do not exceed total revenue. (y) surviving the shor
A monopoly may emerge naturally while: (w) increasing costs happen quickly relative to market demand. (x) at low levels of output, disutilities of scale are encountered. (y) economies of scale are substantial relative to market demand. (z) variable co
Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.
Describe the problem of What to produce?
A reasonable analytic objection to the argument which full taxation of economic rents would not hinder allocative efficiency is about: (w) reducing income streams by rents does reduce the incentive of the resource owner to acquire the transaction cost
A small neighbourhood grocer in a big town mainly close approximates a: (i) pure competitor. (ii) monopolist. (iii) monopolistic competitor. (iv) oligopolist. (v) monogamist. Hello guys I want your advice. Please recommend some vie
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