Define market supply
Market supply: It refers to the sum of all outputs of all producers of a good at a price throughout a given time period.
A monopolist maximizes total revenue through producing where is: (w) marginal revenue = marginal cost [MR = MC]. (x) marginal revenue = 0. (y) demand is elastic. (z) demand is inelastic. How can I solve my
I have problem in this question based on law of demand. Provide me correct answer of this. Described the circumstances in which the "general law of demand" not hold?
Give the answer of following question. Which of the following sayings associate most closely to the idea of sunk costs? 1) Don't cry over spilt milk. 2) A bird in the hand is worth two in the bush. 3) He who hesitates is lost. 4) Show me the money.
I have a problem in economics on Buyers market. Please help me in the following question. The buyer’s market is a market in which: (1) Queuing to secure goods is very common. (2) The present market price is beneath equilibrium. (3) Quantity dema
When a firm shuts down within the short run, in that case it’s economic: (w) profit is zero. (x) resources have zero opportunity cost. (y) loss equals its fixed cost. (z) value to shareholders rises. Please guys help to solve
Fully explain the term Bond Ratings?
As comparing income and wealth: (w) differences in their distributions reflect economic discrimination precisely. (x) wealth is a flow variable, whereas income is a stock variable. (y) inheritance explains income differences more totally than wealth d
State the Law of supply and explain the factors that affecting supply of commodity
Buying low within one market and riskless selling at a higher price into another is termed as: (1) speculation. (2) arbitrage. (3) capitalization. (4) marketeering. (5) profiteering. Please choose the right answer from above...I wa
What is the reason that production possibilities curve concave? Elucidate.
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