Define revenue
Revenue: This refers to total money income from the sale of output.
Can someone please help me in finding out the accurate answer from the following question. The business vice president employs company money to furnish an excessively plush office. This is an illustration of: (1) Corporate surplus in America. (2) The principal-agent p
To assert that a firm made exactly zero economic profits as well signifies that it made: (i) Zero accounting profits. (ii) Normal economic profits. (iii) Negative accounting profits. (iv) No profits at all. Choose the right answer
What is the condition when there is a deficit in balance of trade? Answer: When import > export
A main cause of oligopolies is: (w) mergers. (x) economies of scale. (y) barriers to entry. (z) all of the above. Please choose the right answer from above...I want your suggestion for the same.
I have a problem in economics on Meaning of surplus in current price. Please help me in the following question. The surplus of potting soil signifies that the current price: (1) Makes an surplus demand. (2) Is above the equilibrium. (3) Surpasses the
Individual demand and market demand schedules: Individual demand schedule states the quantities required by an individual consumer at various prices. Q : Micro-macroeconomics in allocative Economic questions involving both microeconomics and macroeconomics would take in the effects on allocative efficiency and economic development of: (i) War within the Middle East and skyrocketing international prices
Economic questions involving both microeconomics and macroeconomics would take in the effects on allocative efficiency and economic development of: (i) War within the Middle East and skyrocketing international prices
A person’s wage income into excess of which that would be received by accepting the next best optional use of his or her talents is: (1) an economic rent. (2) a transfer payment. (3) an interest premium. (4) a salary bonus. (5) nominal wages.
Describe why is the budget line slope downward?
The simple circular flow model of a private economy describes how income and resources flow among: (1) Households and business associations. (2) Corporations and government agencies. (3) Sole corporations and proprietorship (4) Busine
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