Depression - Phases of business cycle
Illustrates the term dispersion of phrases of business cycle?
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Depression:
Common demand falls faster than production. All producers are compelled to notice their goods at a price that will not even wrap the full cost. Producer’s goods and consumer’s goods both manufacturing are forced to reduce the volume of production. Since a result workers are thrown out. The residual workers are poorly paid. A demand for bank credit is at its lowest that results in idle funds. Also the interest rates decline .The firms which cannot pay off their debts are wound up. Shares and securities, prices are fall down.
A firm's demand for labor would decrease when the: (1) price of the output rose. (2) labor supply curve shifted outward. (3) price of capital rose. (4) wage rate rose. (5) productivity of all workers fell. I need a
For a purely competitive firm operating within a competitive labor market as: (1) the marginal resource cost of labor exceeds the wage rate. (2) the supply of labor is perfectly inelastic. (3) total labor costs are independent of the
Explain the Exceptional Demand Curve.
Illustrates the Importance of managerial economics?
Refer to figure as in above. What occurs when the firm produces more than Q4 units: w) Its profit raises. x) this makes a loss. y) Its total revenue is increasing quicker than its whole cost. z) this could make a profit or a loss depending upon what occurs
Illustrates the demand schedules important for law of demand? Answer: The perception of law of demand may be explained along with the demand schedules are as follow:
Increasing the wage from $9 to $15 will cause Plastibristle’s total hourly wage payments to: (w) rise by about $900. (x) rise by about $1500. (y) fall by about $900. (z) fall by about $1500. <
Illustrates the opinion of Stonier and Hague for explaining Demand in economics?
The expected losses to workers through shirking are increased while a firm adopts a policy of: (w) dividing productive tasks thus the division of labor is optimal. (x) paying efficiency wages which exceed market-clearing wages. (y) avoiding legal liability by not writ
When both supply and demand for a good reduce, this is certain that: (w) market price will rise. (x) equilibrium quantity will reduce. (y) quality of the good will decline. (z) level of consumer satisfaction will increase. I need a
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