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.
Illustrates the significance of elasticity?
Hulk is a fitness counselor who coaches five clients at a time during exercise groups at Beefcake Body Builders. Hulk’s hourly wage is of $17, and Beefcake charges his clients $20 for every hour-long conditioning session. Therefore average value of produ
A firm which is a price taker in the labor market will hire labor to the point where the wage rate is equals labor’s: (w) average output. (x) marginal revenue product. (y) average revenue product. (z) marginal physical product.<
If a resource is in perfectly inelastic supply (like land), the resource price: (w) has no allocative function. (x) would rise only when resource demand falls. (y) is a surplus payment from society as an entire to resource owners. (z)
Explain the external economies of scale.
The words “marginal factor costs” or “marginal resource costs” taken as to the: (w) extra cost involved in producing an additional resource. (x) extra cost involved while producing an additional unit of a resou
Refer to below figure. What is the amount of profit when the firm generates Q2units: w) this is equal to the vertical distance c to g. x) this is equal to the vertical distance c to Q2. y) this is equal to the vertical distance g to Q2
Describe the term trend projection.
Define the inelastic demand.
Defined the simple way for production function?
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