demand curve
The law of demand is graphically demonstrated by:
I have a problem in economics on Definition of Entrepreneurs. Please help me in the following question. Entrepreneurs are most excellently explained as the people who: (i) Market a product cheaper and faster. (ii) Open their own business. (iii) Rely on the commissions
Profit for purely competitive firms tends in the direction of zero in the long run since: (w) managers resist charging more than a fair price. (x) firms collude to charge prices which barely cover average costs. (y) profit attracts entry, whereas loss
The Department of the Census explains low relative income as experienced while families: (w) lack sufficient income to buy the fundamental food clothing and shelter required for survival. (x) would like to improve the
Onto average, African-Americans into the U.S., when compared to whites: (1) earn lower incomes. (2) have less education. (3) experience higher rates of unemployment. (4) are less likely to be capable to retire on Social Security. (5) All of the above. Q : Proprietorships and corporations I have I have a problem in economics on Proprietorships and corporations. Please help me in the following question. Most of the firms in United States are organized as ________, however two-third of all gain is received by the _________. (1) Corporations; restricted partners
I have a problem in economics on Proprietorships and corporations. Please help me in the following question. Most of the firms in United States are organized as ________, however two-third of all gain is received by the _________. (1) Corporations; restricted partners
The purely competitive firm which hires more workers if the value of marginal product of labor increases above the competitively set wage rate will certainly experience rises in its: (1) Overhead costs. (2) Profit per unit. (3) Average variable cost. (4) Marginal reve
Decreasing average production costs needs raising the size of a firm when the raised production encounters economies of: (i) Growth. (ii) Coordination. (iii) Growth. (iv) Scale. (v) Scope. Find out the right answer from the above o
When the price reduces and quantity demanded increases along such demand curve for pizza, in that case the slope: (w) is constant and elasticity falls. (x) and elasticity are constant. (y) increases and elasticity is constant. (z) and elasticity increase.
In which market form is the marginal and average revenue of a firm always equivalent? Answer: Average and marginal revenue of a firm are for all time equivalents beneath perfect competition.
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)
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