Elucidate facilitating factors that explain the growth
Elucidate facilitating factors that explain the growth of trade?
Expert
1. Transportation technology has improved over the years.
2. Communications technology allows traders to make deals in trade and global finance very easily.
3. Trade barriers declined dramatically since 1940, and the trend toward free trade continues.
Briefly describe the meaning of Modigliani- Miller (M and M) approach?
Perfect competition is characterized by all of the following except w) heavy advertising by individual sellers. x) homogeneous products. y) sellers are price takers. z) a horizontal demand curve for individual sellers. Q : Profit in perfect competition leads to An increase within demand for "green-certified" products will ________ a firm's economic profit, and the raise within costs to have a product certified like "green" will ________ a firm's economic profit: w) increase; increase x) increase; decrease y)
An increase within demand for "green-certified" products will ________ a firm's economic profit, and the raise within costs to have a product certified like "green" will ________ a firm's economic profit: w) increase; increase x) increase; decrease y)
What divergences arise between equilibrium and an efficient output spillover benefits are present? How might government correct this divergence?
Provide some sources of not tax revenue? Answer: Escheat, income from public enterprises, special assessment, fees and fines and so on.
Distinguish between allocative efficiency and productive efficiency. Give an illustration of achieving productive, but not allocative, efficiency?
How did producers decide on the best combinations of resources to use? Who made these resources available, and why?
What happens to the demand curve when each of these determinants changes?
Question 7: You are given the following data about two firms: FIRM A Quantity 0 1 2 3 4 5 6 Total revenue ($) 0 10 20 30 40 50 60 Average revenue ($) ___ ___ ___ ___ ___ ___ ___ Marginal revenue ($) ___ ___ ___ ___ ___ ___ Total cost ($) 30 42 50 60 76 100 14
From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?
18,76,764
1943592 Asked
3,689
Active Tutors
1443451
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!