Define fixed cost
Fixed cost: Fixed costs refer to cost that remains constant as output modifies. For example: rent
In this demonstrated figure kinked demand curve model, when a firm at point a raises or lowers its price and the rest of the firms in the industry do similar thing, in that case the relevant demand curve for the firm is: (w) demand curve D0
Standard categories of economic discrimination which tend to make income less equally distributed do not comprise: (1) wage discrimination (2) employment discrimination (3) occupational discrimination (4) human capital discrimination (5) income discri
Individual demand and market demand schedules: Individual demand schedule states the quantities required by an individual consumer at various prices. Q : Pepsi and Coke market Some of the Some of the consumers strongly prefer Pepsi and some strongly prefer Coke. Thus there is no single market for colas. This statement is true or false ? Explain.This statement is false. Although some people have strong preferences for a specific
Some of the consumers strongly prefer Pepsi and some strongly prefer Coke. Thus there is no single market for colas. This statement is true or false ? Explain.This statement is false. Although some people have strong preferences for a specific
According to several critics who favor reducing welfare payments, and existing welfare programs as: (1) cannot cure poverty without substantial funding hikes. (2) are justified only when they increase total production. (3) harm poor people by creating
Normal 0 false false
Unlike a monopolistically competitive firm, which an oligopoly is described by: (w) product differentiation. (x) extensive use of advertising. (y) conscious interdependence in decisionmaking by firms. (z) independence among firms. Q : Explanation of Substitution Effect The The substitution effect helps most in describing why: (1) Demand curves slope down. (2) Goods are either complements or substitutes. (3) Air travel costs less than by walking the cross country. (4) Uncertainty regarding quality justifies govt. control
The substitution effect helps most in describing why: (1) Demand curves slope down. (2) Goods are either complements or substitutes. (3) Air travel costs less than by walking the cross country. (4) Uncertainty regarding quality justifies govt. control
Define macroeconomics?
Give me the answer of this question. The most important determinant of consumer spending is: A) the level of household debt. B) consumer expectations. C) the stock of wealth. D) the level of income.
18,76,764
1932021 Asked
3,689
Active Tutors
1423981
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!