Distribution and production for social benefits
Society as entire benefits most when the distribution and production of penicillin corresponds to: (a) point a. (b) point b. (c) point f. (d) point d. (e) point g. Please choose the right answer from above...I want your suggestion for the same.
Society as entire benefits most when the distribution and production of penicillin corresponds to: (a) point a. (b) point b. (c) point f. (d) point d. (e) point g.
Please choose the right answer from above...I want your suggestion for the same.
Economies of Scale: ‘Economies’ means benefits. The scale refers to the size of unit. ‘Economies of Scale’ refers to the cost benefits due to
Why is the ATC bigger than AVC? Answer: ATC is bigger than AVC since ATC comprises AVC and AFC
Market demand curve for the Hormel’s canned Spam [that is, a processed pork product which is an inferior good for most of the people], would shift rightward as the effect of major increases in: (i) Publicity regarding high correlations among hea
The Caveat emptor is a prehistoric legal doctrine mainly based on the idea that buyer: (1) Are the finest judges of the value that they will receive when they purchase. (2) Must receive money back guarantees when products are flawed. (3) Need governme
When market demands for agricultural products are relatively price inelastic and relatively income inelastic both, in that case as per capita income raises, the average income of farmers will: (w) increase while supplies of agricultur
Suppose that all these illustrated curves are infinitely long straight lines. Then supply curve which is relatively (although not perfectly) price inelastic for all prices and quantities is: (1) supply curve S1. (2) supply curve S2
Elasticity of Supply: The law of supply states us that quantity supplied will react to a modification in price. The notion of elasticity of supply elucidates the rat
When income elasticity of market demand is minus 1 (one), the good is: (w) average good. (x) intermediate good. (y) inferior good. (z) "image" good. How can I solve my economics problem? Please suggest me the corre
At price of Rs. 20 the unit quantity demanded is 300 units. Its price downs by 10% its quantity demanded rises by 60 units. Compute price elasticity. Answer: <
An illustration of limit pricing strategy occurs while the incumbent firm: (w) sets a price below costs to drive its competitor out of the market. (x) redesigns its product lines to create components incompatible along with rivals. (y) which has a cos
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