Define price floor
Price floor: Price floor refers to the lowest amount price fixed by the government over the market determined price and hence the producers of the necessary items such as wheat, rice and so on might not experience losses.
The advantage of a partnership is: (i) Its ease of organization as compared to the corporation. (ii) Its limited liability. (iii) Its capability to outlive the partner’s death. (iv) The lack of divergences. C
An increase during the demand for loanable funds will be mirrored through: (1) an increase in the supply of bonds. (2) a decrease into the interest rate. (3) a lower subjective internal rate of discount through typical savers. (4) a reduction in the f
Pharmaceutical companies have currently developed and tested drugs which reverse the affects of alcohol upon the brain only in a half hour. Such pills allow drivers to sober up before driving and to decrease the severity of hangovers. Within the past few years, variou
Securities annually paying exact amounts forever are: (1) stocks. (2) perennials. (3) royalties. (4) renewals. (5) perpetuities. How can I solve my Economics problem? Please suggest me the correct answer.
All profit maximizing firms makes where marginal revenue: (w) equals marginal cost. (x) equals average variable cost. (y) includes average revenue. (z) is rising. Can anybody suggest me the proper
Predatory behavior would not comprise: (w) lowering prices. (x) expanding output. (y) rapid technological innovation. (z) raising prices. Can anybody suggest me the proper explanation for given problem regarding
Oligopolists enter within formal or informal arrangements to fix prices within attempts to: (1) stabilize prices to customers. (2) compete more effectively along with foreign competitors. (3) reduce the price elasticity of market demand. (4) max
The Asymmetric information on quality can outcome in: (i) Not all potential profits from the exchange being realized. (ii) Lower equilibrium prices. (iii) Purchases of unexpectedly low-quality items termed as ‘lemons’. (iv) Some transactio
Elucidate the merits of regional integration?
I have a problem in economics on Income Effects on paychecks. Please help me in the following question. Whenever prices are increased and your paycheck does not alter the purchasing power of your pay refuses. This is an instance of the: (1) Substituti
18,76,764
1939406 Asked
3,689
Active Tutors
1442802
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!