Define production possibility curve or PPC
Production possibility curve or PPC: PPC exhibits different combination of a pair of goods, that can be produced with the given resources and method of production, that are fully and proficiently utilized.
This is difficult to convict a company for practicing predatory pricing since: (w) the degree of economic analysis needed is beyond the understanding of most lawyers. (x) this is not illegal to practice predatory pricing. (y) this is frequently hard t
Since this demand curve for DVD games is a straight line, and its slope: (w) is constant, although the absolute value of price elasticity of demand falls as output increases. (x) varies to compensate for changes within elasticity. (y) is constant, alt
When total revenue to a firm is uninfluenced by small price changes, in that case demand is: (1) relatively price elastic. (2) relatively price inelastic. (3) unitarily price elastic. (4) vertical. (5) horizontal.
Within short run equilibrium, there nondiscriminating monopolists will: (w) charge prices greater than their marginal costs. (x) produce outputs which maximize social welfare. (y) produce where their total revenues are maximized. (z)
The model which examines the limits to bargaining among a powerful firm confronted by the powerful union is: (1) Bilateral monopoly model. (2) Pure monopsony model. (3) Convergence model. (4) Featherbedding model. (5) Keynesian cross model. Q : Problem on physical export Select the Select the right answer of the question. The physical export of motorcycles from the United States to Mexico best illustrates a: A) trade flow. B) resource flow. C) financial flow. D) technology flow.
Select the right answer of the question. The physical export of motorcycles from the United States to Mexico best illustrates a: A) trade flow. B) resource flow. C) financial flow. D) technology flow.
Investment demand function: Investment demand function is the relationship among rate of interest and investment demand. There is an inverse relationship among the rate of interest and investment demand. High inter
Economies of scale which are substantial relative to market demand result within the market evolving to a: (w) contestable market. (x) collusive oligopoly. (y) natural monopoly. (z) "high tech" industry. Q : Lower costs of large oligopolists This This is possible that consumers could pay a lower price within an oligopoly market than a competitive market since large oligopolists: (w) can price below cost. (x) often give quantity discounts to loyal customers. (y
This is possible that consumers could pay a lower price within an oligopoly market than a competitive market since large oligopolists: (w) can price below cost. (x) often give quantity discounts to loyal customers. (y
Moving by point a to point b to point c to point d to pint e beside demand curve D, then absolute value of the price elasticity of demand for DVDs video games is: (w) greater at lower prices than at higher prices. (x) constant and equal to minus one.
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