Determinant of consumer spending
Give me the answer of this question. The most important determinant of consumer spending is: A) the level of household debt. B) consumer expectations. C) the stock of wealth. D) the level of income.
When curve C reflects the long run supply curve as in demonstrated figure for this industry, in that case this is a/an: (w) decreasing cost industry. (x) increasing cost industry. (y) constant cost industry. (z) diseconomies of scale industry.
The international market for the auto industry in the 21st century is probably best described as a blend of: (1) pure and monopolistic competition. (2) monopolistic competition and oligopoly. (3) oligopoly and cartel. (4) technological obso
In drawing the production possibilities curve we assume that: 1) technology is fixed. 2) unemployment exists. 3) economic resources are unlimited. 4) wants are limited.
Select the right ans wer of the question. Which of the following would we expect to contain the highest poverty rate? A) white households headed by males B) elderly white households C) white households headed by females D) African-American households headed by femal
The law of supply defines that higher prices cause rise in the: (i) Demand for good. (ii) Supply of the good. (iii) Quantity supplied. (iv) Gains of investors. Can someone please help me in finding out the accurate answer from the
Marginal revenue is below average revenue as [TR/Q] for a firm along with market power since: (w) the demand curve this faces is negatively sloped. (x) its supply curve is relatively inelastic. (y) marginal cost is be
Select the right answer of the question. Which of the following is not an economic cost? A) wages. B) rents. C) economic profits. D) normal profits.
Describe the Reallocation of resources objective of the government budget.
Why is the ATC bigger than AVC? Answer: ATC is bigger than AVC since ATC comprises AVC and AFC
Explain about Marginalism and characteristics.
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