Determinants of demand affect the price
For a particular product how do the determinants of demand affect the price?
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As demand for a goods increases the price also increases accordingly. So any determinant of demand which has positive or negative effect on demand will have the same effect on the price.
Write down the differentiations between monopoly competition and perfect competition?
Can someone help me in finding out the right answer from the given options. Non-union members can’t "free-ride" in states with Right-to-Work laws whenever a company agrees to operate: (i) Closed shop. (ii) Agency shop. (iii) Open shop.
What does leftward shift of PPC point out? Answer: It points out underutilization of resources.
The price elasticity of demand equals one when this firm produces where total revenue is: (i) $72,000 per period. (ii) $80,000 per period. (iii) $96,000 per period. (iv) $100,000 per period. (v) $144,000 per period. Q : Equivalent marginal revenue product When a monopolist is maximizing its gain in the product market however consists of no monopsony power in labor market, and then it will: (1) Hire labor till marginal revenue product equivalents the average factor cost. (2) Pay a wage equivalent to the marginal revenue
When a monopolist is maximizing its gain in the product market however consists of no monopsony power in labor market, and then it will: (1) Hire labor till marginal revenue product equivalents the average factor cost. (2) Pay a wage equivalent to the marginal revenue
Break-even levels of output for a firm happen where is: (w) total revenue equals total economic cost. (x) accounting profits are zero. (y) total variable cost equals total fixed costs. (z) competitive firms will shut down within the short run.
Change in quantity demanded: When change in demand takes place due to price alone, it is termed as change in quantity demanded.
I have a problem in economics on Demand Curve when price is cut. Please help me in the following question. When the price of Snapple is cut, then: (1) The lower quantity of Snapple is demanded. (2) A bigger quantity of Snapple is demanded. (3) Demand for the Snapple r
I have a problem in economics on Labor union and an unregulated public utility. Please help me in the following question. While comparing an influential labor union and an unregulated public utility firm like cable TV, both might: (1) Be considered as the monopolists.
The monopsonist will hire labor till labor's marginal resource cost equivalents the: (p) The value of average product of labor. (q) Price of labor. (r) Marginal revenue product of labor. (s) Marginal physical product. Choose the ri
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