Elastic industry
What industry is perfectly elastic that is not agriculture?
Interest rates will rise when: (1) the supply of loanable funds grows. (2) the average maturities of corporate bonds issued decreases. (3) most households decide to decrease the liquidity of their portfolios of assets. (4) households increasingly defe
When planned savings are bigger or smaller than planned investment, then what will be its consequence on inventories? Answer: It will raise or reduce the inventorie
Marginal rate of Substitution (MRS): It is the rate at which a consumer is prepared to give up one good to get the other good.
For a family of four the break-even level of income under the negative income tax system demonstrated in this figure is: (1) $15,000 per year. (2) $30,000 per year. (3) $45,000 per year. (4) $60,000 per year. (5) $75,000 per year.
Conditions of producers equilibrium: The conditions of producers equilibrium through the marginal cost and marginal revenue approach are as follows. 1. Marginal cost should be equal to marginal revenue.
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
notes on separable utility function in microeconomics
In a purely competitive industry, the individual firm: (i) can raise the quantity demanded by lowering the price of its product. (ii) experiences substantial economies of scale. (iii) faces a completely inelastic demand curve. (iv) cannot influence th
Compare and contrast Comparative static model and general equilibrium models using one example of each model in a 2 page essay. Specify the properties of each model. What are the relative strengths and weaknesses of each and every model?
When the demand curve for wheat is negatively sloped, increases in its supply will: (1) Lower the equilibrium price. (2) Increase the equilibrium price. (3) Reduce the equilibrium quantity. (4) Stimulate technological modification. Discover Q & A Leading Solution Library Avail More Than 1416897 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1941260 Asked 3,689 Active Tutors 1416897 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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