Define factor market
Factor market: It comprises of factors of production namely land, labor, capital and associations.
Resources tend to flow toward industries in the long run along with: (w) lower profits for typical firms. (x) more profit for typical firms. (y) lower payments to most resource owners. (z) more stable rates of technological change. Q : Felicific calculation of utilitarianism 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.
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.
Price minus average total cost i.e., P - ATC equals: (w) total profit. (x) marginal cost. (y) marginal revenue. (z) profit per unit of output. Please choose the right answer from above...I want you
When Wilma can make a brontosaurus burger in 10 min and a cactus cooler in 5, whereas Betty can make the burger in 8 min and the cactus cooler in 3. Then find out the right option from the above: (1) Betty consists of a comparative disadvantage in the coolers and a co
Can someone help me in finding out the precise answer from the given options. In the year 2005, the San Antonio Spurs basketball team increased all ticket prices and attendance surpassed the year 2004 attendance, pointing out a raise in the: (i) Upward slope of ticket
Whenever the market for the good is in equilibrium, this signifies that the: (i) Demand and supply are equivalent. (ii) Tax wedge is perfectly offset by the government advantages. (iii) Differences among demand prices and supply prices equivalent profit per unit. (iv)
You desire to purchase a used car. The dealer knows accurately how well the car works and how much it must cost, although you are not sure of its value. This is an illustration of: (i) Asymmetric information. (ii) Dealer rights. (iii) Predatory pricing. (iv) First mov
The clearest illustrations of pure economic rent are payments: (1) for improvements which increase the productivity of resources. (2) to owners of unimproved land. (3) exceeding the productivity of a resource. (4) received by owners of homogeneous res
Within a constant-cost industry: (w) short-run supply is totally elastic. (x) long-run supply is completely elastic. (y) short-run supply is fully inelastic. (z) long-run supply is wholly inelastic. I need a good a
An example of the vertical merger would be: (i) Merging the Oscar Myer hot dog Company with Wrangler Jeans Company and Aquafina Water Company. (ii) The log cabin architecture firm merging with the logging company and construction company. (iii) Merger between Wachovia
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