Define multiplier
Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.
When most firms in a monopolistically competitive industry currently realize economic profits: (w) a natural monopoly will eventually emerge. (x) external firms will enter the industry. (y) long run accounting profits must be zero. (z
Can someone help me in finding out the right answer from the given options. Both level of employment through a firm and the average rate of monopsonistic exploitation of labor are raised when a firm is capable to: (1) Outsource through hiring less productive workers i
Programs which guarantee farmers minimum prices which exceed equilibrium prices will yield: (w) cheaper food for consumers. (x) excess demand in food markets. (y) excess supply at the minimum price. (z) higher equilibrium prices.
The expectations which proposed new tariffs will be enacted which will raise the future prices and accessibility of digital cameras will: (1) Not affect the present demand for cameras. (2) Cause consumers to move up all along their market demand curve. (3) Not influen
Assume a neither firm possessesing both the monopsony power as an employer and market power in its output market, however which can neither wage discriminate nor the price discriminate. In equilibrium, in its labor market for the workers, the following variables the m
Legal tender money: Money which is declared legally as the medium of exchange by government is termed as legal tender money.
I have a problem in economics on Problem on production costs. Please help me in the following question. From the viewpoint of sellers, the market demand for the good mainly based least on: (i) Consumer preferences and tastes. (ii) Income and its distr
Kathy purchases two goods, t-shirts and caps. Her demand for t-shirts is: Qt = 44 – 3Pt - Pc + .04IThe price of caps is Pc = $2. And her income is I = $300.a. Graph a demand curve for Kathy’s t-shirts.
Select the right answer of the question. Monopolistic competition means: 1) a market situation where competition is based entirely on product differentiation and advertising. 2) a large number of firms producing a standardized or homogeneous product. 3) many firms pro
The fundamental economic question probably to generate answers heavily based into debatable value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods society chooses to produce? (3) to whom will the goo
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