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.
This given figure as in below demonstrates how consumption of goods A, B, C and D varies like a family’s income changes. Since income rises, the income elasticity of demand is positive and increasing for: (w) good A. (x) good B (y) good C.
An unregulated monopoly which does not price discriminate sets price in accord along with the: (w) height of the graph where marginal revenue equals average total costs [MR = ATC]. (x) height of the graph where marginal costs equal av
Based on the recent success of Ontario tennis star Milos Raonic, Nike Canada will make new state of the art tennis racket with a red maple leaf on the strings. Mike expects to sell 10,000 rackets yearly for the next 4 years. Each racket will retail at a manufacturer&r
The clauses in labor contracts that need continued employment of the workers whose jobs are technologically outdated are termed as: (1) Moth-balling. (2) Yellow dog contracts. (3) Featherbedding. (4) Goldbricking. (5) Shirking clauses. Q : Various close substitutes and little The demand for an exact good tends to be relatively more price elastic when the good: (1) has various close substitutes and very little complements. (2) is taken as a necessity in place of a luxury. (3) is an inferior good. (4) is rel
The demand for an exact good tends to be relatively more price elastic when the good: (1) has various close substitutes and very little complements. (2) is taken as a necessity in place of a luxury. (3) is an inferior good. (4) is rel
I have a problem in economics on Resources and Products Flow Model. Please help me in the following question. The featherbedding is: (1) Practiced through only migratory ducks and geese. (2) Practiced through female song birds on each spring. (3) Increasingly substitu
While marginal cost is positive, a profit maximizing monopolist will control where marginal revenue is: (w) positive. (x) negative. (y) zero. (z) positive, zero, or negative, depending upon elasticity of demand. Q : Best society according to Utilitarianism Utilitarianism states that the best society is one which gives the: (1) Essential goods to meet people’s requirements. (2) Biggest happiness for the greatest number of people. (3) Precise measurement of disutility and utility. (4) Highest guaran
Utilitarianism states that the best society is one which gives the: (1) Essential goods to meet people’s requirements. (2) Biggest happiness for the greatest number of people. (3) Precise measurement of disutility and utility. (4) Highest guaran
When Joe Glutton’s final bite of a burger yielded no profit in total utility, then Joe: (i) Don’t like hamburgers. (ii) Has reached the minimum utility from eating the burgers. (iii) Has reached the point where marginal utility of hamburgers is 0 (zero). (
I have a problem in economics on History of Industrial Unions. Please help me in the following question. Industrial unions historically tried to systematize all the workers in: (i) A Specific Company or broad industry. (ii) The United States. (iii) A specific craft or
18,76,764
1942207 Asked
3,689
Active Tutors
1447576
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!