Founder of modern general equilibrium analysis
The founder of modern general equilibrium analysis was: (w) Leon Walras. (x) Adam Smith. (y) Alfred Marshall. (z) John Maynard Keynes. Please choose the right answer from above...I want your suggestion for the same.
The founder of modern general equilibrium analysis was: (w) Leon Walras. (x) Adam Smith. (y) Alfred Marshall. (z) John Maynard Keynes.
Please choose the right answer from above...I want your suggestion for the same.
On a horizontal demand curve, there: (w) demand is perfectly elastic. (x) demand is perfectly inelastic. (y) the elasticity of demand varies. (z) demand is unitarily elastic. Can someone explain/help me with best s
This would be a fallacy to suppose that: (w) a purely competitive firm’s demand curve is perfectly elastic. (x) a purely competitive firm’s supply curve is the marginal cost above the minimum point of the AVC. (y) purely competitive firms generate where MR
A purely competitive firm will shut down while: (w) marginal costs exceed marginal revenues. (x) this cannot cover its fixed costs. (y) marginal revenue falls below average total costs (z) this can’t cover its variable costs. Q : What is an Indifference curve Indifference curve: It is the combination of two goods that provides consumer similar level of satisfaction.
Indifference curve: It is the combination of two goods that provides consumer similar level of satisfaction.
When there is an excess in the balance of trade? Answer: When export > import (that is, when export is greater than import).
One of the major disadvantages of the corporation is: (i) Double taxation of its gains. (ii) Its incapability to outlive the death of an owner. (iii) Its unlimited liability. (iv) Its inability to increase the financial resources.
In the quintile distribution of income, the term "quintile" represents
Effects of price ceiling: The consequences of price ceiling might be: A) Scarcity of the commodity B) The government might oblige rationing that is, supply of goods in limited q
From 1976 year, after adjusting income for taxes and transfers, the relative income group which, according to the Department of the Census, which has decreased most markedly like a percentage of the U.S. population ha
a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?
18,76,764
1940639 Asked
3,689
Active Tutors
1437850
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!