Define the term privatization
What do you mean by the term privatization?
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The handover of ownership from the public sector (government) to the private sector (business) is known as Privatization .
When the marginal revenue product of the very last worker hired is more than the marginal resource cost of the worker, then the firm: (1) Is experiencing rising returns to the scale. (2) Can raise its gains by hiring more labor. (3) Is maximizing the profit. (4) Must
Can someone please help me in finding out the accurate answer from the following question. The Accounting profits differ from economic profits in such a manner that: (1) Accounting profits take into account of opportunity costs, whereas economic profits take into acco
When price discrimination is not possible this profit-maximizing monopolistic competitor charges a price of $______ as well as produces ___________ units of output: (w) $12 || 5 thousand. (x) $15 || 8 thousand. (y) $16 || 7 thousand.
The purely competitive model means that competition in both output and resource markets yields a distribution of income that is proportional to the: (w) numbers of people in specific households. (x) effort and leisure sacrificed throu
Price elasticity of demand: The Price elasticity of demand refers to the degree of responsiveness of the quantity demanded to modifications in price. Ed = (ΔQ/Δ P) x (P/Q)
Predictions which higher gasoline prices will increase total spending on gas imply such as the demand over the relevant price range that is: (w) unlimited. (x) relatively price elastic. (y) unitarily price elastic. (z) relatively price inelastic.
Provide the solution of this question. The GDP is the: A) monetary value of all final goods and services produced within a nation in a particular year. B) national income minus all nonincome charges against output. C) monetary value of all economic resources used in p
What is the difference between Market Demand and Individual Demand?
The quantity dinner salads demanded is 100 everyday while Café Les Gourmands charges a price of $1.80, although when price drops by $1, quantity demanded is one hundred fifty. The price elasticity of demand for dinner salads at such restaurant
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
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