Define utility
Utility: The wants satisfying power of a commodity is termed as utility.
The percentage of a specific population who is either unemployed or employed or is termed as the: (i) Labor force participation rate. (ii) Work-force proportion. (iii) Income-leisure loss curve. (iv) Substitution effect dominance rate. (v) Labor supply.
Subsequent to adjusting for inflation, Alex Rodriquez salary with NY Yankees was much higher in the year 2006 than Henry Aaron's salary with the Atlanta Braves in the year 1970s that implies that: (i) The 2006 Yankees was more liberal than the year 1970s Braves. (ii)
Can GDP be more than GNP? Answer: Yes, GDP can be greater or more than GNP if NFIA is negative.
Subsequent to Judith buys an American eagle shirt at the mall for 50 percent off, she purchases the matching purse, skirt and earrings. Such extra purchases are illustrations of: (i) Complementary goods. (ii) Substitute goods. (iii) Numbers and ages of the buyers. (iv
Normal 0
I have a problem in economics on Demand of Substitute Goods. Please help me in the following question. All as well equivalent, raised prices for a new Toyotas will most instantly rise the: (1) Price cuts essential for ‘lemons’ to be sold b
Relative to the resource demands from purely competitive sellers, demands through imperfectly competitive firms for resources tend to: (1) Perfectly price elastic. (2) Upward sloping. (3) Backward bending. (4) Less price elastic. (5) Perfectly price inelastic.
When we only know that the demand and the supply of a resource or good both have increased, we would decide that the resulting change within its price will be: (w) positive. (x) negative. (y) zero. (z) indeterminate.<
Firms which use similar production facility or groups of inputs to concurrently generate various kinds of products are taking benefit of: (1) Tax loop-holes. (2) Variegated production. (3) Economies of scope. (4) Economies of scale. (5) Monopoly power. Q : Economic profits by competitive Economic profits produce competitive pressures which cause: (w) each firm’s output to shrink during the short run. (x) an industry’s output to increase. (y) market prices to increase. (z) firms to leave an industry. Discover Q & A Leading Solution Library Avail More Than 1451867 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1947676 Asked 3,689 Active Tutors 1451867 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
Economic profits produce competitive pressures which cause: (w) each firm’s output to shrink during the short run. (x) an industry’s output to increase. (y) market prices to increase. (z) firms to leave an industry. Discover Q & A Leading Solution Library Avail More Than 1451867 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1947676 Asked 3,689 Active Tutors 1451867 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1947676 Asked
3,689
Active Tutors
1451867
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!