economics
surpluses drives price down, shortages drives them up
The equilibrium price for Christmas trees in the short run is: (w) P1. (x) P2. (y) P3. (z) P4. Q : Production cost according to The global wide demand for bicycles would be least probable to be influenced if: (1) Rises in incomes in less developed countries permitted a lot of people to purchase automobiles. (2) Couch-potatoes start heeding their doctor’s suggestion to ex
The global wide demand for bicycles would be least probable to be influenced if: (1) Rises in incomes in less developed countries permitted a lot of people to purchase automobiles. (2) Couch-potatoes start heeding their doctor’s suggestion to ex
why demand change of onion in during one week due to change in it's price?
When the relative positions of all affects on costs and revenues are the same for all the several firms in this industry, in that case this firm is most likely operating in a: (w) differentiated oligopoly market in the short run. (x) monopolistically
When Del’s production function and costs are characteristic for wheat farmers and when wheat farming is a constant cost industry, in that case in the long run, there the price of wheat will be: (i) $4 per bushel. (ii) $6 per bushel. (iii) $8 per
When raising subscription rates to the News and Observer from $8 to $10 monthly cause newspaper sales to drop by 180,000 to 120,000 copies daily, using the arc elasticity formula, then price elasticity of demand equals to: (1) 0.9. (2
Since philosophers are hardworking and intelligent individuals who should acquire substantial human capital and advanced degrees to work like philosophers, in that case the shaded area B represents: (1) pure profit. (2) consumer surplus. (3) interest
I have a problem in economics on Production Costs of goods problem. Please help me in the following question. In order to provide more goods on the market, firms increase prices to cover: (1) Rising opportunity costs in the production. (2) Technologic
Determine the price elasticity of supply of a commodity whose straight line supply curve passes via the origin forming an angle of 45 degree/75 degree? Answer: Unit
Each and every profit-maximizing firm which can cover its variable costs will hire the labor: (1) Just to the point of the diminishing returns. (2) Just to the point where MRP = ARP for the final worker hired. (3) Beyond the point of the diminishing r
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