Define Marginal rate of transformation
Marginal rate of transformation: This is the amount of one good which should be given to generate one additional unit of a second good. This is also termed as marginal opportunity cost.
The economic system which depends associatively the least for its effectiveness and overall success on honesty and of members of economically and socially most elite groups in the system are nearly certainly: (1) Oligarchintegrity and hum
When the price elasticity of demand for goose grease is 2.5 and a 10% price hike will reasons of quantity demanded to: (w) grow by roughly 2.5%. (x) grow by roughly 25%. (y) fall by roughly 25%. (z) fall by roughly 4%. Q : Can GNP be more than GDP Can GNP be Can GNP be more than GDP? Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.
Can GNP be more than GDP? Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.
Increasing the price as in demonstrated figure for DVD games will raise total revenue at the entire prices: (w) on this demand curve. (x) above $30. (y) below $30. (z) below $25. Hey friends please give your opinio
why cotton textile tndustry is a microeconomic study
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
State drawbacks of barter system: A) Both sale and purchase must take place concurrently implying double coincidence of wants. B) There is no general unit of exchange in barter system, accordingly exchange s
The difference among pure competition and monopolistic competition is which: (w) monopolistic competitors generate more profit in the long run. (x) monopolistic competitors always ignore short term losses. (y) long run entry and exit is probable in pu
Compared to Firms A and B as well as C, Firm D is: (1) a firm along with substantial market power. (2) a pure price taker and quantity adjuster. (3) least possible to generate economic profit in the long run. (4) a total revenue maximizer when it produces output level
What do you mean by globalization and its effects on the Indian economy?
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