Define revenue
Revenue: This refers to total money income from the sale of output.
Products which have NOT been cartelized comprise: (w) oil. (x) bananas. (y) sugar. (z) wheat. Can anybody suggest me the proper explanation for given problem regarding Economics generally?
For identical level of guaranteed transfer payments, the earn income and incentive to work is probable to be: (w) greater with a negative income tax than with transfers in kind. (x) greater with transfers in kind than
The substitution effect helps most in describing why: (1) Demand curves slope down. (2) Goods are either complements or substitutes. (3) Air travel costs less than by walking the cross country. (4) Uncertainty regarding quality justifies govt. control
The trucker who hauls fresh oranges from Florida to the New York raises the value of oranges by directly and productively changing their: (i) Time of consumption. (ii) Location or Place. (iii) Ownership or Possession. (iv) Form and substance. Q : Rolls of Intermediaries Upon the Upon the average, all intermediaries do NOT: (w) decrease the opportunity costs of goods to consumers. (x) raise the incomes of producers. (y) reduce transaction costs. (z) increase the cost of living. Hey friends
Upon the average, all intermediaries do NOT: (w) decrease the opportunity costs of goods to consumers. (x) raise the incomes of producers. (y) reduce transaction costs. (z) increase the cost of living. Hey friends
When this purely-competitive firm makes output level Q, this is operating within the: (i) technological long run. (ii) long run. (iii) short run. (iv) shut down period. (v) boom period of the business cycle.
What do you mean by the term Cumulative Effect?
This profit-maximizing firm in illustrated graph will never knowingly generate: (w) where MR is positive. (x) where MR is falling. (y) on the elastic proportion of the demand curve. (z) on the inelastic proportion of the demand curve. Q : Thought of economists for law of equal Explain different thought of economists for law of equivalent marginal advantage.
Explain different thought of economists for law of equivalent marginal advantage.
Refer to the given table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:
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