Define revenue deficit
Revenue deficit: Whenever revenue expenses are greater than revenue receipts, it is termed as revenue deficit.
Decisions are most obviously less than perfectly rational while: (1) you take a shortcut through a dark alley at 3:00 am to get home faster. (2) a brilliant student majors into art history in place of economics. (3) prisoners on death row in Texas know that tobacco ca
Line T0 depicts a tax system which is: (1) progressive. (2) recessive. (3) proportional. (4) biased. (5) regressive. Q : Another name of micro economics What is What is another name of micro economics? Answer: Price theory
What is another name of micro economics? Answer: Price theory
Monopolistic competitors generate differentiated goods which have numerous potential: (1) substitutes and important barriers to entry protecting them from potential rival producers. (2) close substitutes whose suppliers face no long run barriers to en
Question: (1) Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will
Analysis of the aggregate economy, or the economy as an entire, is: (w) positive economics. (x) microeconomics. (y) macroeconomics. (z) normative economics. Can someone describe/help me with best solution about problem of economic.
Assume that an apartment complex is predicted to produce a consistent net $800,000 cash flow yearly in rent, after deducting all recurring variable costs (for example, taxes, utilities, and maintenance). When its current price is $10
Widely accepted objectives for microeconomic policy comprise: (w) full employment. (x) general price stability. (y) economic development. (z) efficiency, freedom and equity. Hey friends please give your opinion for
I have a problem in economics on Calculating Firms accounting profit. Please help me in the following question. The firm has $50,000 in implicit costs, and the economic profit of $10,000. This firm’s: (i) Explicit cost equivalent $40,000. (ii) Accounting profit
A member of a cartel would be probably to increase its profits by: (1) undercutting the prices of other cartel members when this did not get caught. (2) setting its price above which of other cartel members. (3) aggressive nonprice marketing promotion
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