Explain of the law of demand
Explain of the law of demand?
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a. Diminishing marginal utility: The decrease in added satisfaction that results as one consumes additional units of a good or service, i.e., the second “Big Mac” yields less extra satisfaction (or utility) than the first.
b. Income effect: A lower price increases the purchasing power of money income enabling the consumer to buy more at lower price (or less at a higher price).
c. Substitution effect: A lower price gives an incentive to substitute the lower-priced good for now relatively higher-priced goods.
Economic efficiency for society needs which the: (i) opportunity costs of all goods be at their lowest possible values. (ii) maximum probable benefits are acquired for given costs. (iii) greatest possible net benefits are squeezed through available re
Briefly explain the term Price Earnings Ratio (or P/E Ratio)?
If banana divides are $2, CD disks are $10, and SCUBA vacations are $360, then what is the relative cost of a SCUBA vacation in phrases of a CD disk: (i) 36 disks. (ii) 360 disks. (iii) 180 disks. (iv) 20 disks. (v) 3,600 disks. Q : What do you mean by Shuffling the Deck What do you mean by Shuffling the Deck?
What do you mean by Shuffling the Deck?
Explain increased global competition?
Why private goods are produced through the market?
Briefly explain how the competitive market economy will make the needed adjustments to reestablish an efficient allocation of society’s scarce resources?
Write down the importance of Earnings per share?
Write down the importance of Price Earnings Ratio?
Use the circular flow model to confirm this assertion for the construction of a new high school in Blackhawk county?
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