Excess in balance of trade
When there is an excess in the balance of trade? Answer: When export > import (that is, when export is greater than import).
When there is an excess in the balance of trade?
Answer: When export > import (that is, when export is greater than import).
explaination of balance of payment identity
The demand for labor is more elastic the: (i) larger labor costs are like a proportion of total costs. (ii) shorter the time interval considered. (iii) greater the supply of labor. (iv) more difficult this is to substitute one resource for another. (v
In constant-cost, the purely competitive industries: (w) total cost is constant at every output. (x) marginal cost is constant at each output. (y) number of firms is constant at every output. (z) long-run supply price is uninfluenced by output. <
I have a problem in economics on Examples of perishable goods. Please help me in the following question. Illustrations of perishable goods comprise: (1) The book Carrie reads each and every night before brushing her teeth. (2) The computer Barry emplo
Of the given price elasticities [ed] for market demand curves, there the one which is absolutely implausible by the vantage of standard economic theory would be one for that, across all conceivable ranges of prices: (1) ed= 0 and the
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Average variable costs per generic 2×4 of this pure competitor’s equal roughly: (w) $0.20 (20¢ per 2×4). (x) $1.00 per 2×4. (y) $1.70 per 2×4. (z) $2.10 per 2×4. Q : Best illustration of an oligopoly The The best illustration of an oligopoly is: (1) guaranteed next-day delivery of packages and mail. (2) cranberry production. (3) all the local electric utility companies in New England. (4) the United Autoworkers [UAW] union. (5) Wal-Mart.
The best illustration of an oligopoly is: (1) guaranteed next-day delivery of packages and mail. (2) cranberry production. (3) all the local electric utility companies in New England. (4) the United Autoworkers [UAW] union. (5) Wal-Mart.
Suppose that the total cost curve for a monopolist is provided by TC = 3y2 + 800 and its marginal cost curve is given as MC = 6y. Also assume it faces a market demand curve of py = 280 - 4y and marginal revenue curve of MR = 280 – 8y.
Can someone please help me in finding out the accurate answer from the following question. The monopolist in product market will hire a labor to a point where the: (i) Marginal revenue product of the labor equivalent its marginal factor cost. (ii) The value of margina
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