Determine the analysis of the aggregate economy
Analysis of the aggregate economy, or the economy as an entire, is: (w) positive economics. (x) microeconomics. (y) macroeconomics. (z) normative economics. Can someone describe/help me with best solution about problem of economic...
Analysis of the aggregate economy, or the economy as an entire, is: (w) positive economics. (x) microeconomics. (y) macroeconomics. (z) normative economics.
Can someone describe/help me with best solution about problem of economic...
For a gain maximizing competitive firm operating in the competitive labor market, the: (1) Marginal resource cost of the labor is similar to the wage rate. (2) Supply of the labor is perfectly inelastic. (3) Production quota is precisely proportional to the labor hire
When LoCalLoCarbo, the favorite corporation of fad dieters, produces adequate output to minimize its average total costs that will: (1) produce more than the profit-maximizing level of output. (2) concurrently minimize its average variable cost. (3) p
LoCalLoCarbo that is Favorite Corporation of fad dieters, which can minimize its average total costs near producing: (i) output q1 at point a. (ii) output q2 at point b. (iii) output q3 at point e. (iv) output q4 at point f. (v) output q5 at point g.<
LoCalLoCarbo has turn into the favorite of fad dieters. There in illustrated graph curve B shows: (i) LoCalLoCarbo’s marginal cost curve. (ii) LoCalLoCarbo’s average variable cost curve. (iii) LoCalLoCarbo’s average total cost curve. (iv) the market
Features of oligopoly: 1) Few sellers in the market 2) Firms sell homogenous or differentiated products. 3) Price Rigidity. 4) Behavior of each firms dependence on the other firms.
This market for peanuts will adjust to a new equilibrium at price: (1) P0 and quantity Q0. (2) P1 and quantity Q0. (3) P2 and quantity Q2. (4) P3 and quantity Q1.
High economic profits for firms are least probable to arise by: (1) important market power. (2) “cut-throat” competitive pricing policies. (3) superior products. (4) unusually efficient managers. (5) price-maker behavior. Q : Positive values of marginal utility The Positive values of marginal utility curve are related with: (i) Reducing values of net utility. (ii) The highest point on a net utility function. (iii) Negative values of a net utility function. (iv) Rising values of total utility. Q : Vigorous competition by firms in an Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous com
The Positive values of marginal utility curve are related with: (i) Reducing values of net utility. (ii) The highest point on a net utility function. (iii) Negative values of a net utility function. (iv) Rising values of total utility. Q : Vigorous competition by firms in an Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous com
Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous com
Pure competition yields economic efficiency through: (w) punishing profit maximizing behavior. (x) forcing firms to adopt the least costly technologies available. (y) generating high profits as incentives. (z) rewarding entrepreneurs
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