Explain about minimum legal price
A minimum legal price is called a price: (1) floor. (2) guarantee. (3) foundation. (4) stabilizer. (5) subsidy. I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.
A minimum legal price is called a price: (1) floor. (2) guarantee. (3) foundation. (4) stabilizer. (5) subsidy.
I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.
When Prohibition Corporation maximizes profit within its production of St. Valentine’s Day software, there average cost per unit of it produced will be roughly: (i) $4 per copy. (ii) $10 per copy. (iii) $18 per copy. (iv) $24 per copy. (v) $32 per copy.
Clark pays $99.95 for the latest fishing rod. When Clark was willing to pay just a maximum of $99.95 for that fishing rod, his consumer surplus equivalents: (1) zero. (2) Clark would not be willing to buy the fishing rod at $99.95. (3) $99.95. (4) Clark would be bette
I have a problem in economics on Monopsony Power and Immobility of Labor. Please help me in the given question. The immobility of labor is economically significant as: (1) Most of the people like to move, however can't. (2) People in high salary occupations won't be c
Can someone help me in finding out the right answer from the given options. The substitute goods are: (i) Usually consumed altogether. (ii) Inferior to luxury goods. (iii) Generally free goods. (iv) Replacements for each other. Q : Rang of income elasticities of demand The income elasticities of demand (μ) for items which most people consider as luxuries would possibly be into the range: (1) – ∞ < μ < one. (2) – 1 < μ < zero. (3) μ = zero. (4) 0 < μ < 1. (5) 1 <
The income elasticities of demand (μ) for items which most people consider as luxuries would possibly be into the range: (1) – ∞ < μ < one. (2) – 1 < μ < zero. (3) μ = zero. (4) 0 < μ < 1. (5) 1 <
When a tax on goat cheese is totally paid by consumers through higher prices, in that case the tax has been: (1) alleviated. (2) actualized. (3) backward shifted. (4) forward shifted. (5) randomized. Hello guys I w
Inside the United States, public utilities like natural gas lines or electric companies are frequently: (w) quite competitive while they vie for the consumer's dollars. (x) natural monopolies which are closely regulated by government. (y) seldom closely regulated thro
When the hourly wage rate (w) of $15 and the hourly price of capital (r) of $75, the average cost of producing any specified level of output into the long run will be minimized where: (1) MPPL = MPPK. (2) MPPL/MPPK =
Visible items: All kinds of goods that are exported and imported are termed as visible items. These are visible as such are made up of some matter or material. The record of such items is obtainable with the ports. Illustrations: Tea, Jute items, Petr
Welfare is explained as being received while: (w) the ratios of personal benefits received by government programs associate to taxes paid are greater than for the average citizen. (x) economic rents are earned by owners of inputs. (y) a productive inp
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