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.
Speculators are most probable to go bankrupt when their activities: (w) increase price fluctuations. (x) decrease transaction costs to other buyers or sellers. (y) dampen the volatility of prices. (z) improve economic efficiency. Q : Income effect of a small change in wage The income effect of a small change within wage rate is approximately identical to the substitution consequence for Glynn at: (i) point a. (ii) point b. (ii) point c. (iv) point d. (v) point e. Q : When price of a good or resource drops When the price of a good or resource drops/falls, the demands for: (i) that good or resource rise. (ii) Complementary goods or resources reduce. (iii) Replacement of goods or resources reduces. (iv) Luxury goods and inferior resources drop/fall.
The income effect of a small change within wage rate is approximately identical to the substitution consequence for Glynn at: (i) point a. (ii) point b. (ii) point c. (iv) point d. (v) point e. Q : When price of a good or resource drops When the price of a good or resource drops/falls, the demands for: (i) that good or resource rise. (ii) Complementary goods or resources reduce. (iii) Replacement of goods or resources reduces. (iv) Luxury goods and inferior resources drop/fall.
When the price of a good or resource drops/falls, the demands for: (i) that good or resource rise. (ii) Complementary goods or resources reduce. (iii) Replacement of goods or resources reduces. (iv) Luxury goods and inferior resources drop/fall.
The procedure in which employers and unions agree to labor contracts which govern work arrangements is termed as: (i) Arbitration. (ii) Codependency. (iii) Bilateral monopoly. (iv) Joint profit maximization. (v) Collective bargaining. 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 : Goals of the Firm Most of the Most of the economists believe firms tend to proficiently maximize the profits since of: (i) Stockholder pressure. (ii) Competition for the management positions. (iii) Principal-agent conditions. (iv) The chance of corporate take-over. Q : Why production possibility curve is Why production possibility curve is concave? Answer: This is due to increasing the marginal opportunity cost.
The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4. Q : Goals of the Firm Most of the Most of the economists believe firms tend to proficiently maximize the profits since of: (i) Stockholder pressure. (ii) Competition for the management positions. (iii) Principal-agent conditions. (iv) The chance of corporate take-over. Q : Why production possibility curve is Why production possibility curve is concave? Answer: This is due to increasing the marginal opportunity cost.
Most of the economists believe firms tend to proficiently maximize the profits since of: (i) Stockholder pressure. (ii) Competition for the management positions. (iii) Principal-agent conditions. (iv) The chance of corporate take-over. Q : Why production possibility curve is Why production possibility curve is concave? Answer: This is due to increasing the marginal opportunity cost.
Why production possibility curve is concave? Answer: This is due to increasing the marginal opportunity cost.
An emphasis on equality of opportunity, although not essentially equality of result, is a center-piece of a system of distribution termed as: (1) meritocracy. (2) laissez faire capitalism. (3) feudalism. (4) socialism. (5) syndicalism
When only Q0 papayas reached the market in that case: (1) desperate buyers would be willing to pay only P1 per papaya. (2) production costs would exceed P2 per papaya. (3) buyers would be indifferent regarding getting additional papaya
The Natural selection theory states that the manager’s failures to maximize the profits cause: (i) Firing of its managers. (ii) The firm’s collapse. (iii) Outside take-overs. (iv) All of the above. Can someone please he
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