economic
what is the Production possibility frontier
Cartel agreements tend to be unstable since: (1) outputs are homogenous. (2) cooperation replaces competition. (3) all governments oppose cartels. (4) members have incentives to cheat. (5) All of the above. Hello g
Write down the benefits of leaving the allocation of countries resources to price mechanism?
Can someone help me in finding out the right answer from the given options that the demand for sport utility vehicles is most probable to decline in response to main rises in: (1) Consumer’s income. (2) The number of consumers. (3) Relative prices for pickups an
The absolute value of price elasticity of demand is generally greater when there: (w) are fewer uses for the good. (x) is more time permitted for buyers to adjust. (y) are fewer substitutes for the good. (z) is a lower elasticity of s
The present value of future income is: (1) calculated by multiplying future income by the percentage interest rate. (2) higher, the higher the interest rate. (3) lower, the higher the interest rate. (4) unaffected by the interest rate. (5) purely obje
The Characteristics common to most of the successful entrepreneurs do not comprise: (1) Vision and timing. (2) Conviction and action. (iii) Luck and the bureaucratic one-upmanship. (iv) Determination and workaholics. Can someone pl
When cranberry farming is an increasing constant cost industry and that firm is typical, in that case an increase within the market demand for cranberries will give in a long run equilibrium price as: (i) less than P1. (ii) greater than P2.
Can someone help me in finding out the right answer from the following options. Curing shortages in the market for ice-cream needs: (1) Rises in the price of ice-cream. (2) Reduction in the supply of ice-cream. (3) Rises in the demand for ice-cream. (d) Reduces in the
The typical firm produces in a purely-competitive long-run equilibrium where price equals as: (1) short-run average cost. (2) marginal cost. (3) long-run average cost. (4) average revenue per unit. (5) All of the above. Q : Marginal revenue and monopoly For a For a nondiscriminating monopolist, the marginal revenue is: (w) identical to price. (x) always positive. (y) always less than price. (z) always greater than price. Hello guys I want your advice. P
For a nondiscriminating monopolist, the marginal revenue is: (w) identical to price. (x) always positive. (y) always less than price. (z) always greater than price. Hello guys I want your advice. P
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