Define product market
Product market: It comprises of final services and goods.
Price ceiling: Price ceiling refers to the highest price fixed by the government beneath the market determined price (that is, equilibrium price) so that requirements might be made accessible to the common people at a reasonable price. In India the go
illustrate a firm under monopolistic competition?
Price discrimination is probably in markets: (w) for medical services. (x) for wheat sold by farmers. (y) for bread sold by grocers. (z) where all consumers have identical demand curves. Can anybody suggest me the
The demand curve for physical economic capital based most directly onto the: (w) extent of previous automation. (x) willingness of savers to create investment funds available. (y) marginal productivity of capital and the price of its output. (z) suppl
The nearest to being a synonym of the term “utility” is: (1) Universal.. (2) Consumption. (3) Satisfaction. (4) Multi-faceted. (5) Marginalism Can someone help me in getting through this problem.
In constant-cost, the purely competitive industries: (w) total cost is constant at every output. (x) marginal cost is constant at each output. (y) number of firms is constant at every output. (z) long-run supply price is uninfluenced by output. <
The word ‘unlimited liability’ in the partnership signifies that a partner: (1) Pays to begin to the partnership, however can’t be held liable for additional/extra funds. (2) Can be held personally accountable for any and each of the partnership&rsqu
Give the answer of following question .Tell examples of command economies: A) the United States and Japan. B) Sweden and Norway. C) Mexico and Brazil. D) Cuba and North Korea.
The poverty line is: (1) about $15000/year for a family of two in 2006. (2) an index which varies depending on family characteristics. (3) dependent only on the size and income of a family. (4) about $12500/year for a family of four in 2006. (5) the p
In order for a firm to profit from predatory pricing: (w) the incumbent must fulfill the entire industry demand at a price below costs. (x) the cost of predation should be less than the profits incurred through driving out one’s rivals from the
18,76,764
1945391 Asked
3,689
Active Tutors
1417061
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!