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.
The owner of a city centre car park desires to know the best price to charge for parking throughout office hours on weekdays. On a usual weekday, the car park is at present only half full.
I am facing problem in this question. Help me in find out correct answer of this economic based question. Explain interdependent economy? Illustrate it by using an input-output table and model.
An industry dominated by some consciously interdependent firms which control most of its output is an: (1) uncontestable market. (2) oligopoly. (3) illegal conspiracy. (4) unnatural monopoly. (5) entrepreneurial cartel. Can someone
In long run, the actions of successful speculators tend to rise: (i) Gains and raise consumer’s costs. (ii) Output and decrease the volatility of prices. (iii) Corruption and Bribery in government. (iv) The volatility of both prices and outputs.
When people become optimistic about living longer and accordingly save more for their retirement years, in that case the decline into interest rates will tend to: (w) raise capital costs for business firms. (x) decrease investment expenditures. (y) di
why demand change of onion in during one week due to change in it's price
One of my friends can't find the answer of this question. Give answer of following economic based question. Tell me about strongly separable utility function?
The methods unions use to raise the wages of their members do not comprise: (1) Rising the demand for the union labor. (2) Establishing higher salaries and allotting work to members. (3) Facilitating the management plans to raise productivity. (4) Raising the supply o
Compared along with pure competition or monopoly, not perfect competition is: (w) far more common in Europe than in the United States. (x) much more common in markets during the world. (y) much less common in advanced nations than in underdeveloped na
The cost of cashmere plummets and most of the people start employing this once costly material as pillow covers and to knit sweaters for their pets. This is an illustration of: (i) The income effect. (ii) The change in preferences and taste. (iii) The law of diminishi
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