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.
Can someone please help me in finding out the accurate answer from the following question. The costs of investing human capital are most probable to be borne by the employer if the human capital is as: (1) General. (2) Marginal. (3) Generic. (4) Precise. (5) Specific.
Can someone please help me in finding out the accurate answer from the following question. The outcomes of strikes do not comprise: (i) Losses of the perishable products. (ii) Shipping delays. (iii) Decreased production costs. (iv) Shortages.
As the Shmoo Recording Studio raised CD production from 3 million units to 5 million units, this was forced to discount CD prices down by $18 to $15. Then price elasticity of demand for Shmoo CDs is as: (w) 0.022. (x) 0.36. (y) 1.0. (z) 2.75.
In a purely competitive industry, the individual firm: (i) can raise the quantity demanded by lowering the price of its product. (ii) experiences substantial economies of scale. (iii) faces a completely inelastic demand curve. (iv) cannot influence th
Unlike a firm within purely competitive long run equilibrium, within the long run, there a monopolistically competitive firm which does not price discriminate: (w) produces where P = MC. (y) does not price at the bott
Economic profits are: (1) signals which, for efficiency, more resources must be moved into an industry. (2) rewards to successful innovators. (3) capitalized as wealth when they can be expected over time. (4) a residual to a firm's owners for bearing
In a competitive pricing strategy how does one can arrive for a multi-service practice where there are no specific products in question?
Assume that a student takes out a college loan which needs 12% annual interest, however later learns that his aunt makes loans to the family members at 5% interest. The student has suffered from the problem termed as: (1) Rational ignorance. (2) Blind indifference. (3
In the long run within a market system, all intermediaries earn income only when they help sellers and buyers: (w) raise surpluses. (x) by innovating new products. (y) reduce transaction costs. (z) ga
The strategy most probable to outcome the maximum wages and employment and the greatest economic clout for all the workers over long run would be for the union to: (1) Restrict entry to a specific occupation. (2) Boycott non-unionized firms which compete with the unio
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